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THE QUEEN'S BENCH
WINNIPEG CENTRE
B ETW E N:
INTHEMATTER OF:
THE APPOINTMENT OF AN INTERIM
RECEIVER/RECE IVER PURSUANT TO
SECTIONS 47 AND 243 OF THE
BANKRUPTCY AND INSOLVENCY ACT,
R.S.C. 198 5 c. B-3, AS AMENDED
B ETW EE N:
ROYAL BANK OF CANADA,
Plaintiff ,
-and-
THE AXE HOUGHTON GROUP INC., ARBACO LTD.,
AMERICAN COMFORT DISTRIBUTION INC.,
AMERICAN COMFORT WORLDWIDE, LLC,
BENTEL DIRECT LIMITED PARTNERSHIP and ADI
MANAGEMENT INC AS GENERAL PARTNER OF BENTEL
DIRECT LIMITED PARTNERSHIP and
6313281 MANITOBA LTD.,
·
Defendants.
AFFIDAVIT OF B. JEFFREY JOHNSON
I, B. JEFFREY JOHNSON, of the Ci ty of Winnipeg, in the
Province ofManitoba, Chartered Accountant and Chartered Insol vency and
Restructuring Practitioner,
- 2-
MAKE OATHAND SAYTHAT:
1.
I am a Senior Vice-President with PricewaterhouseCoopers Inc.
and as such ha ve personal knowledge of the facts and matters hereinafter
deposed to by me in this intended action by Royal BankofCanada C'RBC")
except where such information is stated to be based upon information and
belief and in those I do verily belie ve.
2.
By way of background I point out that I ha ve been a licensed
Trustee in Bankruptcy since in or about 1985. I have recei ved my Chartered
Insol vency and Restructuring Professional designation and I continue as a
member of the Institute of Chartered Accountants of Manitoba.
3.
On October 30,2014PricewaterhouseCoopers Inc. C'PWC") was
engaged by R BC to conduct a business re view of the Axe Houghton Group
Inc. ("Axe") and the other entities named as Defendants to this intended action
("AH Group"). This engagement was consented to by Axe.
4.
PWC's business re view was
Advisory personnel including Senior
conducted
by a team of PWC
Manager Da ve
Johnson, Manager
Joshua Thiem and myself. In the course of this I personally re viewed and
analyzed the financial and other information received from the AH Group and
R BC as included in our Interim Report ,discussed findings withDave Johnson
-3 -
and
Josh
thiem, conducted
discussions
with
company management ,
specifically Ben Cohen, and its legalcounsel , Bruce Taylor. Ialso participated
in discussions with R BC and its legal counsel, Da vid Jackson .
5.
Initially PWC's focus in the business review was with respect to
cash flow projections from AH Group co vering the period through to January
3 1, 2015as RBC was uncertain AH Group had the abilityto carryon business.
In assessing R BC's securityposition we noted a material decline in the margin
co verage from the pre vious year end of January 31, 2014which directed our
attention to do further work in this area. Su bsequently, in or about mid­
No vember Andrew Holmes of R BC ad visedme that R BC had been contacted
by the Winnipeg Police Commercial Crime Unit regarding allegations of
fraudulent
acti vities in vol v ing
AH
Group's management. Further, on
No vem ber 27, 2014 R BC provided us with details of support from R BC's
Fraud Detection Group evidencing AH Group kiting acti vity. This prompted
RBC's request to prepare an interim report on our findings to date.
6.
In that respect now shown to me and marked as Exhibit rr 1" to
this my Affida vit is a true copy of the Interim Report dated December 10,
2014 which sets out the work conducted by PWC, the sources of information
-4-
obtained and relied upon and the findings for which I am author and have
signed on behalf ofPWC.
I do take the opportunityto highlight a number of findings from
7.
the Report:
a)
Based upon AH Group's own internal
consolidated
balance
sheet
and
October
income
3 1, 2014
statement
the
shareholders' deficient position is $3 ,654,813.00 and the current
year loss is noted as $4,3 37,467.00;
b)
Based upon the September 3 0, 2014 financial disclosure ofAH
Group,it is out of margin byalmost $4.6million on the operating
line;
)
c
Based upon the financial information provided bythe AH Group
and RBC, AH Group is from an accounting perspective insol vent
and, absent ongoing financial support from RBC or some other
third party source, it will be unable to continue to carry on
business;
d)
The Interim Reporte identifies irregularities in the available
financial records
of AH
Group
that
suggest
accounting
information was being manipulated and that past reporting to
RBC may have included
fictitious or overstated accounts
receivable;
e)
It is PWC's belief that it is important to properly control and
protect the available evidence including information that may
still be contained in AH Group's information technology system.
8.
In addition to the findings set out in the interim report I wish to
set out one other matter: Iwas personallypresent and partic ipated in a meeting
with
on December 6, 2014. Also present at the
- 5-
meeting were Josh Thiem of PWC and David Jackson of
Taylor McCaffrey
had first-hand knowle dge of certain activities within
LLP.
Axe's accounting department before
. It was intended that she would
swear
an
Affidavit in these
proceedings detailing her knowledge of what she called 11service invoices,
which I interpreted to be fictitious invoices as well as certain cheque writing
practices. While I am informed that Mr. Jackson prepared an Affidavit for
, to depose as at the ti me of deposing th is my A ffi davit I have
·
now learned that she is
l
re ucta nt
·
to
voluntarily
attend
to
depose the
Affidavit.
9.
intended
I make this Affidavit bona fide and
m
support of RBC's
action against the AH Group.
) {]q:) �
)
)
A Commissione
or Oaths in and for the
Province of Manitoba.
J#Y h;t-t�Pt;JJ>I,y'
6..,...rt�'Eo /l?."'Hfcf.r)... � 2ol 6
B. JEFFREY JOHNSON
QB File No. CI 14-01-92753
TIDS IS EXHIBIT n1 n REFERRED TO IN THE
AFFIDAVIT OF B. JEFFREY JOHNSON
SWORN BEFORE ME AT THE CITY OF WINNIPEG,
IN THE PROV
OF
BA
TIDS lOTH DA OF DECEMBER, 014
;; ?qpuh/s.sr- ��"& �
1\:-'� ¥tFBLfe g
...
(!JI'fJ!'�
in and for the Province of Manitoba
f1'1-'j' .?�Vtv/urfir/o/V 6.1'?4;;/" _,..?l.;freCJ-fF z..C} .;l.t�/,6
Advisory
CAR Services
Axe Houghton Group Inc.
Interim Report to Royal Bank
of Canada
December 10, 2014
December 10, 2014
Mr. Andrew Holmes
Manager, Special Loans and Advisory Services
Royal Bank of Canada
339 8th Avenue S. W. – Lower Tower
Calgary, Alberta T2P 1C9
Dear Mr. Holmes:
As requested, we are providing our interim report (“Interim Report”) on our review to date related to
the Axe Houghton Group Inc. (“AH Group”) and guarantors of the AH Group debt (collectively the
“Company”) to Royal Bank of Canada (“RBC” or “you”). Our services were performed and this
Interim Report was developed in accordance with our engagement letter dated October 30, 2014 and
is subject to the Terms and Conditions included therein. Given the nature of the matters raised in
this Interim Report and as requested by you, we are not sharing this Interim Report with the
Company and we understand this Interim Report may be used in conjunction with a court application
by you for the appointment of a Receiver or Interim Receiver.
Our work was based on information supplied by the management of the Company as well as RBC.
The procedures we performed did not constitute an examination or a review in accordance with
generally accepted auditing standards or attestation standards. Accordingly, we provide no opinion,
attestation or other form of assurance with respect to our work or the information upon which our
work was based. We did not audit or otherwise verify the information supplied to us in connection
with this engagement, from whatever source, except as may be specified in this Interim Report.
Our work was limited to the specific procedures and analysis described herein and was based only on
the information made available through to December 8, 2014. We have not reviewed our findings
with Company management and we have not requested information that might appear unusual to
management. Accordingly, changes in circumstances after this date could affect the findings outlined
in this Interim Report.
This Interim Report and all PwC deliverables are intended solely for RBC and are not intended for
nor may they be relied upon by any other party (“Third Party”). PwC accepts no liability or
responsibility to any Third Party who gains access to this deliverable.
Please contact the undersigned if you need further help or information.
Very truly yours,
PricewaterhouseCoopers Inc.
PricewaterhouseCoopers Inc.
Richardson Building, One Lombard Place, Suite 2300, Winnipeg, Manitoba, Canada R3B 0X6
T: +1 204 926 2400, F: +1 204 944 1020, www.pwc.com/ca
Table of Contents
Table of Contents
1. Executive Summary
1
2. Background
2
3. Scope
3
4. Interim Findings
4
4.1. Financial Position of the Company
4
4.2. Summary of Banking Arrangements
4
4.3. Cash Flow Projection
4
4.4. Security Assessment and Priority Review
7
4.5. Other Relevant Matters
12
5. Conclusions
18
6. Appendices
19
6.1. October 30, 2014 Engagement Letter
19
7. Exhibits
20
7.1. Corporate Organization Chart
20
7.2. October 31, 2014 Consolidated Balance Sheet
21
7.3. October 31, 2014 Consolidated Income Statement
22
7.4. November 18, 2014 Demand Letter from Access Capital, Inc.
23
7.5. Company’s November 28, 2014 Cash Flow
24
7.6. November 17, 2014 Internal Balance Sheet – Canadian Operations
25
7.7. November 17, 2014 Internal Balance Sheet – U.S. Operations
26
7.8. March Margin Reporting
27
7.9. June Margin Reporting
28
7.10. August Margin Reporting
29
7.11. September Margin Reporting
30
7.12. GL Account Detail – SHOPHQ (BP Code 321286)
31
7.13. October 31, 2014 Journal Entry re SHOPHQ
32
7.14. June 30, 2014 Internal Balance Sheet
33
Executive Summary
Axe Houghton Group Inc.
Interim Report to RBC
1. Executive Summary
PwC was engaged by RBC on October 3o, 2014, with the confirmation of the Company, to enquire into and
report on a number of matters as set out in the engagement letter.
Given the company’s representations to RBC that it will generate a positive cash flow over the period from
November to the end of January, 2015, a large part of our review has focused on the Company’s cash flow
projections covering the period through to January 31, 2015. Our work involved the review of cash flow
projections generated by management. The most recent version of the cash flow projection was provided
on November 28, 2014 and is commented on in this Interim Report. These projections reflected that the
Canadian operations would operate on a breakeven basis and U.S. operations would generate $387,000 of
excess cash over the eleven week period ending February 1, 2015. However, there are a number of risks
associated with the cash flow and subsequent information provided raises concerns about the ability to
meet sales projections.
Our review included an assessment of the value of RBC’s security position. In the course of this review,
we have noted a material decline has occurred since June 30, 2014 in the Company’s asset base and
Borrowing Limit calculation. This raised concerns that resulted in further review and analysis of the
information provided to RBC as well as other accounting information received from the Company.
During the course of our review, we noted a number of irregularities that suggested accounting
information was being manipulated and the reporting to RBC may have included fictitious or overstated
accounts receivable.
While our specific findings focused on the SHOPHQ account, based on our overall review and findings, we
have concerns that there may be similar issues regarding the valuation and existence of assets.
Further review is required to assess the full extent of questionable activities and we believe it is important
to properly control and protect available evidence, including information that may be contained in the
Company’s information technology system.
We have not shown a draft of this Interim Report to management and as a result, we have no
confirmation from them regarding the factual accuracy or completeness of this Interim Report.
Axe Houghton Group Inc. – Interim Report
PwC
1
Background
Axe Houghton Group Inc.
Interim Report to RBC
2. Background
PwC was engaged by RBC on October 30, 2014, with the confirmation of the Company, to enquire into
and report on a number of matters as set out in the engagement letter. A copy of the October 30, 2014
engagement letter is attached as Appendix “6.1”.
Our review was related to The Axe Houghton Group Inc. (“AH Group”) and Guarantors of the AH Group
debt, being: Arbaco Ltd.; American Comfort Distribution Inc.; American Comfort Worldwide LLC; Bentel
Direct Limited Partnership; 6313281 Manitoba Ltd.; Oreck Centres of Ontario Inc.; and Ben-Zvi S. Cohen
(the “Guarantors”) (the AH Group and the Guarantors collectively referred to as the “Company”). A copy
of the corporate organization chart is attached as Exhibit “7.1”.
We understand that the Company is indebted to Royal Bank of Canada (“RBC”) in the approximate
amount of $6.5 million, which includes a US$1.5 million Standby Letter of Credit issued for American
Comfort Worldwide LLC in favour of Access Capital Inc. We further understand that RBC has concerns
regarding the current financial circumstances of the Company, the value of its security and the future
prospects for the Company.
The Company has represented to RBC that it will generate a positive cash flow over the period from
November to the end of January, 2015, primarily reliant on the American Comfort Worldwide fall heater
program. This program involves the sale of portable heater units, imported from China, to large retailers
in the U.S., in particular Costco. As a result, a large part of our review has focused on the Company’s cash
flow projections covering the period through to January 31, 2015.
Given the nature of the findings as set out in this Interim Report and related concerns around the ability
to secure and protect the relevant Company records and evidence, PwC was requested to produce an
Interim Report that would be available for use in a court application for the appointment of a Receiver or
Interim Receiver.
Axe Houghton Group Inc. – Interim Report
PwC
2
Scope
Axe Houghton Group Inc.
Interim Report to RBC
3. Scope
The scope of the services to be provided is set out in our October 30, 2014 engagement letter, which
provides that we enquire into and report to you on the following matters:
1.
The financial position of the Company as at September 30, 2014 or such most recent date as may be
available;
2. The Company’s overall banking and financing arrangements in Canada and the United States and
impact on RBC’s security position;
3. The Company’s cash flow and profit projection for the next four months, including the reasonableness
of the underlying assumptions;
4. A review of the value of RBC’s security and priority claims to the extent information is reasonably
available;
5.
The alternatives available to the Company for the resolution of its immediate liquidity problem and
the establishment of future financing;
6. The Company’s future business prospects; and
7.
Any other matters which appear to us to be relevant to the Company’s viability and its relationships
with its creditors.
Our primary procedures performed include: review and analysis of financial and other information
received; discussions with Company management and its legal counsel; discussions with RBC and its legal
counsel; and other parties.
Given uncertainty regarding the ability of the Company to carry-on, a large part of our review has focused
on the Company’s cash flow projections covering the period through to January 31, 2015. Comments
regarding the cash flow review are included in this Interim Report, however the cash flow review is
ongoing.
In assessing the value of RBC’s security position and related review of accounts receivable and inventory,
we noted a material decline in the margin coverage from the Company’s last year end of January 31, 2014.
Given a number of concerns identified as a result of our review, the scope of our work was increased in
this area. Our findings in this area and our related concerns are set out in this Interim Report.
Subsequent to our engagement, we were made aware by RBC that they had been contacted by the
Winnipeg Police Service, Commercial Crimes Unit, regarding allegations of fraudulent activities involving
management of the Company. Related to this matter, legal counsel for RBC, Mr. David Jackson, made
arrangements to meet with the complainant, an employee of the Company, and PwC representatives
participated in a meeting on December 6, 2014 at the offices of Taylor McCaffrey. During this meeting
this employee provided background information on her employment with the Company, her awareness of
certain kiting activities between bank accounts as well as her awareness of the use of fictitious invoices
referred to as “service invoices”. At the meeting she also provided to David Jackson a copy of a taped
recording that she indicated had been given to her and which she identified as being between two Axe
Houghton employees, which was recorded in or about the month of August, 2014. The tape recording was
played during the meeting and matters discussed thereon, along with the information provided by the
employee, if true, were consistent with a number of the concerns that had been identified through our
prior review as reported on herein.
Axe Houghton Group Inc. – Interim Report
PwC
3
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
4. Interim Findings
4.1. Financial Position of the Company
We have received from the Company its internal October 31, 2014 Consolidated Balance Sheet and
Income Statement, which are attached to this Interim Report as Exhibits 7.2 and 7.3, respectively.
As noted in the Consolidated Balance Sheet, the Shareholders’ Deficit position is $3,654,813 and the
current year loss is noted as $4,337,467. We have not reviewed the basis for the current year losses.
Based on our review of asset values as reported on in section 4.4 Security Assessment and Priority Review,
we anticipate that there are a number of adjustments that would add to the overall retained deficit of the
Company.
Financing in the U.S. is through a Loan Agreement with Access Capital, Inc. (“Access”) and Access has
issued a Demand Letter on November 18, 2014. While we are not aware of the intentions of Access, there
is an ongoing risk they will withdraw financial support to American Comfort Worldwide LLC. A copy of
the November 18, 2014 letter is attached as Exhibit 7.4.
As reflected in the significant margin deficit and the overall financial situation, the Company is insolvent
and absent ongoing support from RBC or other third party source of funding, will be unable to carry-on.
4.2. Summary of Banking Arrangements
Details of the accounts in use at October 31, 2014 are set out on the Consolidated Balance Sheet (Exhibit
7.2). As noted, there are a number of U.S. and Canadian accounts; however, we have not completed a
review of any bank reconciliations or the activities through these accounts.
We have been made aware of an internal RBC National Fraud Detection Group review where they
identified kiting activity between various accounts, including between certain of the Canadian and U.S.
accounts. The previous existence of kiting activity was also confirmed to us in our meeting with the
person who made allegations to the Winnipeg Police Service.
4.3. Cash Flow Projection
The review of the Company’s cash flow, which covers both the Canadian and U.S. operations, has taken
longer than anticipated due to the quality of the information available, the loss of key accounting staff just
prior to our engagement and limitations of remaining key management.
The most recent cash flow projection (“Cash Flow”) prepared by the Company was completed November
28th, 2014 and is attached as Exhibit “7.5”. The Cash Flow sets out separately the Canadian and U.S.
operations (the “Canadian Cash Flow” and the “U.S. Cash Flow”, respectively), along with a combined
summary. Comments on the cash flow and related notes are set out below.
As reflected in our comments below, it is clear that key assumptions underlying the current projections
will need to be updated and we expect this will negatively impact the amount and timing of sales and the
Axe Houghton Group Inc. – Interim Report
PwC
4
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
projected net cash position. There are also a number of risks associated with the achieving the
projections, as noted below.
4.3.1. Canadian Operations
Projected receipts and disbursements over the eleven week period ending January 31, 2015, are $893,000
and $893,000, respectively. As a result the Canadian operations are projected to operate on a breakeven
basis.
Receipts
Reconditioned and Surplus Inventory
The largest contributor to cash receipts is the collection of sales related to reconditioned and surplus
inventory. The Canadian Cash Flow assumes the Company will collect $170,000 of surplus inventory
sales and $150,000 of reconditioned inventory sales.
Surplus inventory is returned inventory, primarily consisting of heaters, prior to any reconditioning
activities. Both the Canadian and U.S. Cash Flow assume surplus inventory is sold at a price equal to
one half original cost. Reconditioned inventory is returned inventory, primarily consisting of heaters,
which have been repaired and repackaged for resale. It is assumed the Company will recondition and
sell 50 heaters per business day and that the average original cost per heater is $60. Both the
Canadian and U.S. Cash Flow assume reconditioned heaters are sold at a price equal to their original
cost.
The process of reconditioning heaters and selling them is relatively new and, as a result, we have not
been provided with any supporting historical information. We were also advised that there are no
existing material purchase orders for reconditioned or surplus inventory. As a result, we were unable
to gather information supporting the Company’s assumptions regarding the $320,000 receipts
related to the sale of reconditioned and surplus inventory.
GST Refund
The Canadian Cash Flow also includes the receipt of a $90,000 GST balance owing from CRA.
However, we reviewed a statement of account provided by CRA noting a $58,000 balance. Further, it
is our understanding that CRA is withholding the balance owing until the Company becomes
compliant on all its tax filing requirements and, at this time, it is unclear when the Company will
become compliant. As a result, it is unlikely the balance owing from CRA will be received within the
projected period.
Miscellaneous Accounts Receivable
Miscellaneous Accounts Receivable represents the collection of $69,000 of certain account receivable
balances which existed as at November 17, 2014 and the collection of $101,000 of future projected
sales. We have reviewed an aged accounts receivable ledger which identifies the opening accounts
receivable balances. We also reviewed historical sales reports by employees, which we have been
advised relate to accounts grouped into miscellaneous accounts receivable category, supporting the
approximate sales levels needed to collect the projected amounts.
Axe Houghton Group Inc. – Interim Report
PwC
5
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
Disbursements
Inventory Purchases
Inventory Purchases represents the payment for purchases of new Oreck inventory required to satisfy
projected sales to Oreck Centre of Ontario, call centre customers, retail store customers, and other
miscellaneous customers. Projected purchases assume the estimated gross margin on the sale of new
Oreck inventory is 40%.
Payroll and Other Operating Costs
Consolidated bi-weekly payroll costs for both the Canadian and U.S. operations are projected to be
$48,000. This consolidated amount appears appropriate based upon a review of the Company’s
payroll registers. Payroll costs are allocated between the Canadian and U.S. operations in a manner
reflecting the employee’s roles and responsibilities.
4.3.2. U.S. Operations
Projected receipts and disbursements over the period are $808,000 and $407,000, respectively. As a
result the U.S. operations are projected to generate $401,000 of excess cash over the eleven week period
ending January 31, 2015.
Receipts
Costco
Cash receipts from Costco primarily relate to the collection of projected heater sales from two
programs: the Black Friday program and January program.
Black Friday program assumed the Company would sell approximately 8,000 heaters to Costco at a
per unit price of $82 with a 10% return rate. We have reviewed purchase orders from Costco
supporting the majority of the projected Black Friday program sales and confirming the $82 sale
price. However, we have been advised that the sale of heaters by Costco during the Black Friday
promotion did not meet anticipated volumes. As a result, we are advised that a number of purchase
orders were cancelled resulting in lost U.S. sales and surplus inventory.
We are further advised that the January program has been pushed back until the end of December
which will result in the estimated collection period extending beyond the current projection period. It
is our understanding that no purchase orders currently exist for this program.
Other Fall Heater Customers
We have been advised that due to the labour disputes at the port of entry in Los Angeles, California,
the remaining fall heater program related to customers other than Costco has been delayed. As a
result, we have been advised the majority of projected collections from Brookstone, Groupon, and
House (which represents other online accounts) are now expected to occur outside the cash flow
period.
Axe Houghton Group Inc. – Interim Report
PwC
6
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
Vendor Repayment
Vendor Repayment represents the payment for heaters, related to the fall heater program, purchased
from China Ningbo Cixi Imp & Exp Corp. ( “Ningbo”). The total value of the heaters purchased is
$1,170,000. The projection assumes the full amount, less a USD$100,000 deposit previously paid, is
paid to Ningbo prior to the end of the projected period. We are advised by management that the
payment for heaters purchased from Ningbo is expected to occur through the assignment of certain
receivables including receivables from Costco. Therefor the collection of customer receivables and the
payment for the related supply of heaters are expected to coincide.
Disbursements
Freight Forwarder for Freight
Freight Forwarder for Freight relates to inbound shipping and trucking fees. We have reviewed a
number of the freight invoices noting amounts consistent with projections.
Other
Return Risk
The Company faces return risk with the fall heater program. Certain customers such as Costco require
the Company to accept the return of heaters which have been returned by the end consumer. The
Company has accounted for this practice by assuming certain return rates for each customer. In
addition, the Company has also included a USD$225,000 contingency for additional returns above
the assumed specific customer return rates.
4.4. Security Assessment and Priority Review
In assessing the value of RBC’s security position, we have reviewed the Company’s November 17, 2014
internal Balance Sheet detail for each of the Canadian and U.S. operations (attached as Exhibit 7.6 and
7.7) and have relied on representations of management regarding the realizable value of inventory and
collectability of receivables, which corresponds to our review and discussions around certain elements of
the cash flow projections. We have not had an opportunity to obtain any outside appraisals on inventory
values.
Our current comments on the status of the key categories of security held by RBC are set out below. The
values noted reflect management’s views based on the business continuing. We expect that in a
liquidation scenario, that recoveries would be less.
4.4.1. Accounts Receivable
AR - Canadian Operations
The November 17, 2014 book value of the Accounts Receivable – Trade for the Canadian Operations was
$2,064,000. We are advised that a number of the balances are uncollectable or, in the case of the MSR –
Duty Refund, should be excluded from trade accounts receivables, resulting in an estimated realizable
value of approximately $73,000. The opening accounts receivable balance in the Canadian Cash Flow is
$80,000. The following table summarizes the adjustments from book value to estimated realizable value:
Axe Houghton Group Inc. – Interim Report
PwC
7
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
AR – U.S. Operations
The November 17, 2014 book value of the Accounts Receivable – Trade for the U.S. Operations was
$210,000. The opening accounts receivable balance in the U.S. Cash Flow projection is $110,000. Follow
up with the Company’s management is required to understand the difference between the book value and
the estimated realizable value included in the U.S. Cash Flow.
4.4.2. Inventory
Inventory – Canadian Operations
The November 17, 2014 book value of the Canadian Operation’s Inventory was $1,782,000. Inventory is
primarily comprised heaters, air conditioners, and air purifiers. We have been advised, the book value of
New Product Inventory includes a prior year adjusting journal entry to record the value of $471,000 of
freight and duties paid. Follow up with the Company’s management is required to understand this entry,
however, it is our understanding the entry has no realizable value in the current fiscal year.
It should also be noted that inventory received within 30 days of a Bankruptcy or Receivership that meets
the tests defined in section 81.1 (i.e. in the same state as delivered, are identifiable and not subject to a
sales agreement, etc.) of the Bankruptcy and Insolvency Act, can be repossessed by the selling party. The
value of inventory that may be subject to such an action has not been included in the analysis set out
below as it cannot be determined at this time.
Axe Houghton Group Inc. – Interim Report
PwC
8
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
Canadian Operat ions: Inv entory
Inv entory
Inv entory
Inv entory
Inv entory
Inv entory
- New Product
- Returned Product
- Show Dem os
- Serv ice Parts and Consum ables
- Other
Book Value at Cost
Less:
Historical Freight & Duties
Estim ated Write-down of Returned Product
Rev ised Book Value
53 0,000
6 6 3 ,000
3 59,000
1 2 3 ,000
1 07 ,000
Notes
1
2
3
6
6
1,782,000
(47 1 ,000)
(3 3 1 ,500)
4
5
979,500
Not es
1 ) Represents new inv entory .
2) Represents returned inv entory .
3 ) Represents returned inv entory which has been reconditioned for resale.
4) Represents the rev ersal of a prior y ear journal entry recording the cost
of freight and duties. The rev ersal of the entry reduces the v alue of
Inv entory - New Product.
5) The Com pany assum es returned product can be sold at a price equal to
50% of cost.
Inventory – U.S. Operations
The November 17, 2014 book value of the U.S. Operation’s Inventory was $613,000. Inventory is
primarily comprised air conditioners and heaters. The U.S. Cash Flow assumes that the Company will be
able to recondition approximately $90,000 of returned heaters. This assumption is reflected in the U.S.
Cash Flow opening reconditioned inventory balance.
U.S. Operat ions: Inv entory
Inv entory
Inv entory
Inv entory
Inv entory
- New Product
- Returned Product
- Show Dem os
- Other
Book Value at Cost
Less:
Estim ated Write-down of Returned Product
Rev ised Book Value
44 ,000
4 86 ,000
83 ,000
-
Not es
1
2
3
613,000
(2 43 ,000)
4
370,000
Not es
1 ) Represents new inv entory .
2 ) Represents returned inv entory .
3 ) Represents returned inv entory which has been reconditioned for resale.
4 ) The Com pany assum es returned product can be sold at a price equal to
50% of cost.
Axe Houghton Group Inc. – Interim Report
PwC
9
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
4.4.3. Other Assets
1300 St. James Street
Axe Houghton Group Inc. operates its warehouse and reconditioning operations from space owned by
6313281 Manitoba Ltd. (“631”) at 1300 St. James Street, Winnipeg (the “Property”).
We have been provided with a copy of a listing agreement with respect to the Property between Arbaco
Ltd and DTZ Winnipeg Ltd. The agreement indicates a listing price of $4,650,000 for a sale or $8.50
gross per square foot per year on a rental basis. We had asked Mr. Ben Cohen about the listing agreement
being signed by Arbaco Ltd when the title is in the name of 631. Mr. Cohen indicated that he had not
noticed that DTZ Winnipeg Ltd had drawn up the listing agreement in Arbaco Ltd.’s name.
We had also received a copy of a letter from Dennis T. Browaty & Associates Ltd. dated July 17, 2014
estimating a market value of the Property, as at July 16, 2014, of $4,150,000.
Mr. Ben Cohen has advised that the outstanding mortgage balances on the Property are as follows:
Business Development Bank of Canada
$1,930,000
Double A Ventures Ltd.
$ 525,000
We have asked Mr. Cohen to obtain mortgage statements from each of these parties confirming these
amounts.
Based on these balances and the commission which would be payable to DTZ Winnipeg Ltd. on a sale of
the Property at appraised market value, we estimate that there would be approximately $1.5M available
for the Bank on its third mortgage, before taxes and other adjustments on a sale.
Agreement with MSR Customs & Commodity Tax Group
The Company entered into an agreement with MSR Customs & Commodity Tax Group (“MSR”) on July
24, 2013, (the “Agreement”) with respect to the recovery of duties and taxes paid, primarily with respect
to infrared heaters. Pursuant to the terms of the Agreement, MSR is to review the applicable records for
opportunities to recover duties and taxes from Canada Border Services Agency on a contingency basis.
Under the Agreement, MSR is entitled to a fee of 35% of all recoveries and, where an appeal becomes
necessary a further 10% of any amount recovered as a result of such an appeal.
The Company has provided us with a copy of a letter dated February 28, 2014 from MSR confirming the
receipt of $83,457.01 and payment to the Company, net of fees, of $52,786.56.
We are awaiting a report from MSR of all claims filed and approved and claims filed and denied or
pending.
We have been provided with a copy of an email dated February 14, 2014 from MSR to Mr. Ben Cohen
wherein MSR indicated that, based on information they had received, they are forecasting an additional
recoverable amount of $746,841, however, we have not received any supporting documentation with
respect to that amount.
Axe Houghton Group Inc. – Interim Report
PwC
10
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
Fixed assets
The Company owns fixed assets comprised primarily of Furniture and Equipment, Computer Hardware
and Software, Leaseholds and Warehouse Equipment. The book value of these assets based on the
October 31, 2014 internal Balance Sheet totals $223,897. While we have not had an independent review
or appraisal completed, we do not anticipate that these assets would have any significant recoverable
value.
4.4.4. Priority Payables
Based on discussions with management and available information, we note the following regarding
priority payables:
Canada Revenue Agency – Payroll Account (Note 1)
$51,000
Employees Claims Under WEPPA (Note 2)
$36,000
Canada Revenue Agency – GST Account (Note 3)
Provincial / State Sales Tax (Note 4)
Note 1: The Company has advised us that that they had missed making remittances of source deductions
and employer contributions on both Oreck Centres of Ontario and Axe Houghton Group Inc. five times on
separate payrolls between July 31, 2014 and October 15, 2014, which has resulted in a total liability to
Canada Revenue Agency(“CRA”) of $63,375.51. The Company has advised us that they have not received
Notices of Assessment from CRA confirming the amount of their CRA payroll liability. The super-priority
estimate amount shown above is the combined amount withheld from the employees for Employment
Insurance, Canada Pension Plan and taxes on both companies which, based on the information provided
to us by the Company is made up of $2,197.72 on Oreck Ontario and $48,760.63 on Axe Houghton.
Note 2: Sections 81.3 (Bankruptcy) and 81.4 (Receivership) create a priority charge ahead of other secured
interests on current assets, for wages, vacation and travel expenses earned by certain employees (i.e. it
excludes upper management and may exclude related parties) within the six months preceding the
receivership or bankruptcy. The amount per employee is limited to $2,000.00 with respect to wages and
vacation plus an additional $1,000 with respect to expenses for travelling salespersons. For the purpose
of this report included an amount of $2,000 per employee for eighteen (18) employees which was the
number of employees included in the payroll report for the November 30, 2014 we received from the
Company.
Note 3: The Company has provided us with a copy of a Notice of Assessment from CRA dated October 17,
2014 which indicates a credit (refund) balance of $57,757.98. The Company’s accountant has advised us
that she thinks that the correct amount due in refunds from CRA is approximately $75,000 however she
has been unable to reconcile the difference between her numbers and the amount shown on the Notice of
Assessment.
Note 4: We are awaiting information from the Company with respect to any Provincial or State sales taxes
owing.
Axe Houghton Group Inc. – Interim Report
PwC
11
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
4.5. Other Relevant Matters
4.5.1. Review of RBC Reporting
We have reviewed information provided by the Company to RBC in the normal course of its reporting
requirements as well as other accounting related information obtained from the Company in the course of
our review.
We understand that monthly reporting information is provided to RBC in electronic form as well as
through input into the on-line Covarity system. Monthly information provided would typically include
the Borrowing Limit calculation, aged account receivable schedules, inventory schedules and trade
payable schedules. Certain of this information, including account receivable detail, would be exported
from the Company’s accounting system into spreadsheets, which would be provided to RBC. In addition,
the Company would provide the internal Balance Sheet and Income Statement for the reporting month.
In the monthly information provided to RBC, we did identify margin calculations for the months of March
and June. At the time of our review, margin calculations for August and September were requested by
PwC from the Company and received. Copies of these monthly reporting packages are attached to this
Interim Report as Exhibits “7.8”, “7.9”, “7.10” and “7.11” and a summary of the Borrowing Limit
calculations for each of these months is set out in the table below:
MONTH END
MARCH 31
JUNE 30
$
5,000,000
Good EDC Accts Receivable
Margin %
Marginable Good EDC AR
$
1,353,712 $
90%
1,218,341 $
2,242,682 $
90%
2,018,414 $
1,226,407 $
90%
1,103,766 $
159,223
90%
143,301
2,078,842 $
75%
1,559,132 $
1,357,597 $
75%
1,018,198 $
405,538 $
75%
304,154 $
17,169
75%
12,877
1,480,999
3,499,044
4,980,043
50%
2,490,022
897,588
3,533,681
4,431,269
50%
2,215,635
928,666
928,666
50%
464,333
Non EDC Accounts
Margin %
Marginable Good Non EDC AR
$
$
$
$
$
$
$
$
5,000,000
$
$
$
$
Inventory in Transit
Unencumbered Inventory
Total Inventory
Margin %
Total Marginable Inventory
$
Less: Prior Ranking Claims
$
BORROWING LIMIT CALCULATION
$
5,213,824
$
5,205,150
$
SURPLUS / (DEFICIT)
$
213,824
$
205,150
$
$
(53,670) $
$
(47,096) $
5,000,000
SEPTEMBER 30
BORROWING LIMIT
$
$
AUGUST 31
$
$
691,161
691,161
50%
345,581
(47,432) $
(75,000)
1,824,821
$
$
$
5,000,000
$
(3,175,179) $
426,758
(4,573,242)
As noted from the above comparison, a significant deterioration in the margin position occurred between
June 30 and September 30, 2014. Based on our review, we believe that the Borrowing Limit calculations
provided to PwC for September are more reasonably reflective of the margin position at that time.
Based on our review and analysis of the information provided to RBC for the January, 2014 to August,
2014 months, as well as other accounting information received from the Company during the course of
Axe Houghton Group Inc. – Interim Report
PwC
12
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
our review, we noted a number of irregularities that suggested accounting information was being
manipulated and the reporting to RBC for the June 30 and prior periods may have included fictitious or
overstated account receivable.
As we were restricted in terms of the information we could access and the questions we could address with
management, our ability to perform a detailed review of our concerns and findings was limited. As a
result, we focused our review on accounts receivable (versus inventory), which led us to focus on one
particular customer account, being SHOPHQ, a U.S. customer reflected on the American Comfort
Worldwide (“ACW”) account receivable list. A summary of the ACW account receivable amount for
SHOPHQ that was included in the accounts receivable reports provided to RBC for the months of January
to July are set out in the table below.
Month
Listing
January
February
March
April
May
June
July
ACW
ACW
ACW
ACW
ACW
ACW
ACW
COMMENTS
Note 1
Note 2
Note 3
Note 4
Note 5
Note 6
Note 7
Line No.
BP Number Vendor
51
36
30
20
24
25
32
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
Total
Future Pmt
0-30
1,485,830.09
1,485,830.09
1,593,325.49
107,495.40
1,593,325.49
1,593,325.49
1,800,107.00
314,276.91
1,254,085.21
1,294,492.36
1,429,470.24 1,429,470.24
342,078.00
(422,647.80)
31-60
61-90
1,475,965.40
7,781.45
91-120
(93.76) 2,177.00
1,485,829.97
314,276.91 183,556.28 7,781.45
861,358.37 (96,632.57)
120+
% >90 Days
Note 1
Note 2
Note 3
Note 4
Note 5
Note 6
Note 7
The total outstanding receivable amount is reflected as being current (0 - 30 days) - this indicates that the balance is related to January transactions;
Per review of the SHOPHQ GL account detail, we noted some smaller transactions related to Nov and Dec that should have been aged in
the 31 - 60and 61 - 90 day categories;
Our review of January transactions as per the SHOPHQ GL Account noted various unusual transactions resulting in the ending balance of $1,485,830;
The GL account detail and the AR listing total agree at January 31, however unclear which entries account for the ending balance of $1,485,830.09;
Reflects the proper aging per the entries recorded, including the smaller transactions that occurred in November and December;
The aging appears incorrect as it should be consistent with prior month plus 30days;
We note the total of the aged amounts ($1,800,106.88) are .12 cents lower than the Total amount of $1,800,107 - we would expect balances to agree;
The $1,485,829.97appears to reflect improper aging as it should be consistent with February plus 60days;
The total of the aged amounts is $1,800,107 versus the Total balance of $1,254,085.21;
We note that the aged amount total of $1,800,107 is equal to the prior months ending balance, suggesting it was entered into the AR report manually;
No aging provided as would be expected from a system generated report;
There is no apparent logic to the aging when compared to the GL Account detail;
We understand that accounts receivable detail would be exported from the Company’s accounting system
into an excel spreadsheet and therefore information on the spreadsheet should be consistent with the
source information from the accounting system. In reviewing the SHOPHQ aging as set out in the Table
above, we noted a number of instances where there were inconsistencies (as described in the Notes) and
this has raised concerns that the SHOPHQ account receivable information was either not exported
directly from the accounting system or was manipulated within the spreadsheet information.
In the course of our review, we also obtained a copy of the GL Account detail for the customer SHOPHQ
(BP Code 321286), covering the period from November 4, 2013 to November 26, 2014. This document
was printed from the Company’s accounting system on December 1, 2014 and is attached to this Interim
Report as Exhibit “7.12”. We have noted discrepancies between the SHOPHQ balances on the monthly
receivable reports and the GL Account detail, summarized as follows:
Axe Houghton Group Inc. – Interim Report
PwC
13
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
Line No.
Total per GL Acct
Detail
Difference
Notes
Listing
January
February
March
April
May
June
July
August
September
October
November
ACW
ACW
ACW
ACW
ACW
ACW
ACW
ACW
ACW
Note 1
On April 30 a Transaction was entered into the GL Account reflecting Invoices in the amount of
$316,571.51. This entry increased the outstanding amount due from SHOPHQ to $1,800,107.00
A Credit Note entry, also dated April 30 and in the amount of $316,571.51 was entered into the GL Account,
effectively reversing the April 30 transaction that recorded the Invoices. Based on a review of the Transaction
#'s, it appears that the Credit Note entry was posted to the system sometime after June 30, but dated April 30.
Note 2
We note that from June 30 to July 31, the GL Account balance decreased by $348,305.16 whereas the SHOPHQ
account receivable lisitng decreased by $1,087,392.24. After July 31, the SHOPHQ account was not listed on
the accounts receivable reports provided to RBC, notwithstanding balances remained in the GL Account.
We are concerned that there was an intention to eliminate the SHOPHQ account from the accounts receivable listing.
51
36
30
20
24
25
32
BP Number Vendor
Total per AR
Listing
Month
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
321286 SHOPHQ
1,485,830.09
1,593,325.49
1,593,325.49
1,800,107.00
1,254,085.21
1,429,470.24
342,078.00
0.00
0.00
0.00
0.00
$
$
$
$
$
$
$
$
$
$
$
1,485,830.09
1,593,325.49
1,593,325.49
1,483,535.49
937,513.70
1,112,898.73
764,593.57
551,711.22
381,480.31
(437.60)
-
$
$
$
$ 316,571.51
$ 316,571.51
$ 316,571.51
$ (422,515.57)
$ (551,711.22)
$ (381,480.31)
$
437.60
$
-
Note 1
Note 1
Note 1
Note 2
Note 2
Note 2
We have summarized the entries greater than $10,000 in the SHOPHQ GL Account that resulted in an
increase or reduction to the GL Account balance from March 31, 2014 to October 31, 2014, as follows:
Axe Houghton Group Inc. – Interim Report
PwC
14
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
G/L Account Code
G/L Account Name
321286
SHOPHQ
Account Balance - Select Entires
Post. Date
4/14/2014
4/30/2014
4/30/2014
5/7/2014
5/7/2014
5/12/2014
5/27/2014
5/29/2014
5/29/2014
5/29/2014
5/29/2014
5/29/2014
6/12/2014
6/20/2014
7/31/2014
7/31/2014
8/1/2014
8/1/2014
8/28/2014
9/1/2014
9/1/2014
10/31/2014
Trans.
Source
907752 RC
919729 IN
936246 CN
914708 CN
914712 CN
915875 CN
918861 RC
919506 CN
924611 CN
924835 IN
924839 CN
924840 IN
916013 CN
924785 IN
936243 JR
936318 JE
931330 CN
931331 CN
936254 JR
931333 CN
931391 CN
951726 JE
Offset Acct
14000600-01-00
42000001-04-00
42000001-04-00
40010010-04-00
40010010-04-00
42000001-04-00
14000600-01-00
40500000-04-00
42000001-04-00
42000100-04-00
42000001-04-00
42000100-04-00
42000001-04-00
42000001-04-00
70000000-01-00
13000004-04-00
42000001-04-00
42000001-04-00
70000000-01-00
42000001-04-00
42000001-04-00
42000001-04-00
Details
Crd(Deb) LC
GL Account Balance March 31 / 14
$ 1,593,325.49
Incoming Payments - 321286
$ (109,790.00)
A/R Invoices - 321286
$ 316,571.51
A/R Credit Memos - 321286
$ (316,571.51)
A/R Credit Memos - 321286
$ (54,082.77)
A/R Credit Memos - 321286
$ (60,783.15)
A/R Credit Memos - 321286
$ (11,834.14)
Incoming Payments - 321286
$ (375,756.00)
A/R Credit Memos - 321286
$ (22,298.12)
A/R Credit Memos - 321286
$ (10,444.35)
A/R Invoices - 321286
$
10,444.35
A/R Credit Memos - 321286
$ (10,444.35)
A/R Invoices - 321286
$
21,261.73
A/R Credit Memos - 321286
$ (11,916.45)
A/R Invoices - 321286
$ 186,612.33
Manual Reconciliation Transaction $ (26,716.71)
$ (311,768.60)
A/R Credit Memos - 321286
$ (35,478.00)
A/R Credit Memos - 321286
$ (71,253.00)
Manual Reconciliation Transaction $ (104,979.55)
A/R Credit Memos - 321286
$ (88,179.84)
A/R Credit Memos - 321286
$ (79,849.80)
As per Ben
$ (380,339.32)
TRANSACTION ENTRIES NOT REVIEWED
Summary BY Source
Total RC
$ (485,546.00)
Total IN
$ 534,889.92
Total CN
$ (773,135.48)
Total JR
$ (131,696.26)
Total JE
$ (692,107.92)
$
(46,167.35)
GL Account Balance October 31 / 14 $
(437.60)
RC - Receipts
IN - Invoices
CN - Credit Note
JR - Manual Journal Reconciliation
JE - Journal Entry
Based on a review of the entries in the GL Account detail, it appears that efforts were made to eliminate
the SHOPHQ receivable from the accounts receivable listing. While we do not have explanations for all of
the entries in the GL Account, we have noted that the remaining balance in the GL Account at September
30 ($381,480.31) was eliminated by way of a journal entry whereby the receivable was reduced and the
Axe Houghton Group Inc. – Interim Report
PwC
15
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
off-setting entry was a reduction in sales. The Detail description on the journal entry document is “As per
Ben”. A copy of the journal entry document is attached as Exhibit “7.13”.
With regard to the SHOPHQ account, the combination of improper aging (when comparing the account
receivable listings to the GL Account detail), unusual entries reflected in the GL Account, addition errors
in the spreadsheet information, the existence of numerous journal or manual entries and Credit Notes
that adjusted the account balance and apparent efforts to remove the account from the accounts
receivable listings (starting in August), causes us concerns that all or substantially all of the SHOPHQ
account receivable may have been fictitious or inflated.
We are also concerned that there may be similar issues with other accounts receivable and while we have
not had the opportunity to review the significant drop in inventory values as set out on the June Margin
Report ($4,431,269) versus the September Margin Report ($691,161), we are concerned about the
possibility of overstated inventory.
We also reviewed the June 30, 2014 Balance Sheet provided to the Bank as part of the June reporting
package. A copy is attached as Exhibit “7.14”. We note that the profit amount shown under the
Shareholders’ Equity section reflected a year to date loss of $334,895 and that total assets were
$8,499,247. When compared to the October 31, 2014 Balance sheet (Exhibit “7.2”), we note the profit
amount reflects a year to date loss of $4,337,467 and that total assets were $5,736,406. While we have
not had an opportunity to fully review the basis for the significant losses and decline in asset base during
the July1 to October 31 period, we have concerns that there may be issues related to the valuation and
existence of assets.
To properly investigate and report on the Company’s financial activities, we believe it is important to
properly control and protect the existing information system.
4.5.2. U.S. Operations
U.S operations are conducted through American Comfort Worldwide LLC (“ACW”), which has its
registered head office in Delaware. While its head office is registered in Delaware, ACW operates out of
rented warehouse facilities in Tennessee, which we are advised is rented on a month to month basis.
ACW has five employees on its payroll, who are primarily located in Tennessee.
Goods sold in the U.S. are imported from China, with ACW being the importer of record. Sales to U.S.
customers are invoiced by ACW. However, purchases of the goods from China are between the Chinese
supplier and the Axe Houghton Group. We understand that this is due to the credit arrangements in place
between Axe Houghton Group and the Chinese suppliers. As a result, there are various inter-company
dealings between Axe Houghton Group and ACW.
We understand that ongoing business of ACW is conducted from Winnipeg and that four people on the
Axe Houghton payroll are dedicated to the U.S. operations. Also, the majority if not all of the ACW books
and records are located in Winnipeg. We understand that the Axe Houghton Group accounting group as
well as Ben Cohen have dual roles over Axe Houghton Group and ACW.
4.5.3. Oreck Centres of Ontario Inc.
We understand Oreck Centres of Ontario Inc. (“Oreck Ontario”) operates independently from the Axe
Houghton Group. The Canadian Operations cash flow reflects receipts from Oreck Ontario, but these
Axe Houghton Group Inc. – Interim Report
PwC
16
Interim Findings
Axe Houghton Group Inc.
Interim Report to RBC
receipts relate to the sale of inventory to Oreck Ontario, which inventory is purchased by Axe Houghton
Group from the U.S. Oreck distributor.
We have noted that the October 31, 2014 Consolidated Balance Sheet reflects an amount due from Oreck
Ontario in the amount of $682,613. We are not aware of the basis of this amount or if it is collectible.
Axe Houghton Group Inc. – Interim Report
PwC
17
Conclusions
Axe Houghton Group Inc.
Interim Report to RBC
5. Conclusions
As reflected in the significant margin deficit and the overall financial situation, the Company is insolvent
and absent ongoing support from RBC or other third party source of funding, will be unable to carry-on.
Financing in the U.S. is through a Loan Agreement with Access Capital, Inc. (“Access”) and Access has
issued a Demand Letter on November 18, 2014. While we are not aware of the intentions of Access, there
is an ongoing risk they will withdraw financial support to American Comfort Worldwide LLC.
The operations in the U.S. are dependent on sales to U.S. customers and based on our review of the cash
flow and discussions with management, there are concerns that purchase orders from customers are not
in place. As a result, future cash flow and the timing thereof is uncertain.
The ongoing ability of Axe Houghton Group Inc. to secure the supply of goods from its Chinese suppliers
is dependent on its ability to carry-on and meets its obligations. Current arrangements with the key
Chinese supplier to supply goods on credit, with a related Assignment of Customer receivables, may no
longer be available if customer orders are not in place.
We have noted a number of concerns regarding irregularities that suggest accounting information was
being manipulated and past reporting to RBC may have included fictitious or overstated accounts
receivable. While our specific findings focused on the SHOPHQ account, based on our overall review and
findings, we have concerns that there may be similar issues with other accounts receivable as well as
overstated inventory.
As further review would be required to assess the possibility of improper activity, we believe it is
important to properly control and protect available evidence, including information that may be
contained in the Company’s information technology system.
We have not shown a draft of this Interim Report to management and as a result, we have no
confirmation from them regarding the factual accuracy or completeness of this Interim Report.
Axe Houghton Group Inc. – Interim Report
PwC
18
Appendices
Axe Houghton Group Inc.
Interim Report to RBC
6. Appendices
6.1. October 30, 2014 Engagement Letter
Axe Houghton Group Inc. – Interim Report
PwC
19
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7. Exhibits
7.1. Corporate Organization Chart
Axe Houghton Group Inc. – Interim Report
PwC
20
BEN COHEN
100 Class A Common
870,000 Class D Preference
TRUSTEES:
Ben Cohen
Simone Cohen
Cindy Switzer
BEN COHEN
100 Class A Common
ARBACO LTD.
AD! Management
Inc.
100 Voting Common
100 Class A Common
American Comfort
Distribution Inc.
100 Class A Voting
Capital Units
American Comfort
Worldwide LLC
The Axe Houghton
Group Inc.
(Note - Arbaco Direct Inc.
amalgamated with Axe Houghton
Group Inc. 31 Jan 2013)
SIMONE COHEN
100 Class A Common
Bentel Direct
Limited Partnership
TRUSTEES:
Ben Cohen
Perry Kimelman
25,000 Class C Preference
100 Class A Common
10 Voting Common
Oreck Centres of
Ontario Inc.
(Note - Cordovero Distribution Inc.
amalgamated with Oreck Centres of
Ontario Inc. 31 Jan2013
6313281 Manitoba
Ltd.
Queenston
Management Inc.
(Inactive)
File No. 1403404
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.2. October 31, 2014 Consolidated Balance Sheet
Axe Houghton Group Inc. – Interim Report
PwC
21
: 11/26/2014
Time : 12:15PM
Balance Sheet to 10/31/2014
Transaction Cross-Section By Posting Date
Assets
10000 - Current Assets
11000 - Cash
11000000-01-00 - RBC . 1001247
$ (77,357.81)
11000200-01-00 - RBC . 4002804 . USD
$ (26,423.70)
11000000-02-00 - RBC . 1020759 . (ADI)
$ (186.10)
11000200-02-00 - RBC . 4002911 . USD (ADI)
11000000-03-00 - RBC . 1024082 (BENTEL)
11000200-03-00 - RBC . 4009320 . USD (BENT EL)
11100001-04-00 - VNB . 41381246 (ACW)
$ 1,224.53
$ (642.32)
$ 213.72
$ 5,467.53
11000200-04-00 - RBC . 4001236 . USD (ACW)-DONOT USE
11000210-01-00 - canceled
11000211-01-00 - HSBC. 017101001 (AXE, Finance )
11000212-01-00 - HSBC 317017101070 (AXE, Finance USD)
11100002-04-00 - HSBC . 611.82002.1 (ACW, Finance )
11000201-04-00 - RBC. 4001236. USD (ACW)
11100003-04-00 - Access Capital Inc (ACW)
11100004-04-00 - T D BANK 4302517937 (ACW)
$ (3.79)
$ (3,114.00)
$ (421.68)
$ 4,176.60
$ (86,202.26)
__________________
$ (183,269.28)
Total 11000 - Cash
-------------
12000 - Accounts Receivable . Trade
12000000-01-00 - Accounts Receivable . T rade
12000200-01-00 - Accounts Receivable . T rade USD
12999999-01-00 - Allowance for Doubtful Accounts
12000000-02-00 - Accounts Receivable . T rade (ADI)
12000200-02-00 - Accounts Receivable . T rade USD (ADI)
12999999-02-00 - Allowance for Doubtful Accounts (ADI)
12000000-03-00 - Accounts Receivable . T rade (BENT EL)
12000200-03-00 - Accounts Receivable . T rade USD (BENTEL)
12999999-03-00 - Allowance for Doubtful Accounts (BENT EL)
12000000-04-00 - Accounts Receivable . T rade (ACW)
Page
1
Continued on next page
$ 1,699,913.33
$ 436,940.46
$ (53,372.68)
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
12999999-04-00 - Allowance for Doubtful Accounts (ACW)
12000001-04-00 - Accounts Receivable. T rade(ACW)
$ 240.13
$ 238,500.63
__________________
Total 12000 - Accounts Receivable . Trade
$ 2,322,221.87
-------------
13000 - Inventory . New Product
13000000-01-00 - New . Oreck Retail Vacuums
$ 27,013.65
13000002-01-00 - New . Oreck Air Purifiers
$ 31,009.06
13000004-01-00 - New . Free Gift Inventory
$ 37,885.83
13000006-01-00 - New . Oreck Commercial Vacuums
13000008-01-00 - New . Fast Commercial Vacuums
13000010-01-00 - New . Dehumidifiers
$ 6,008.56
$ 21,310.85
$ 997.66
13000012-02-00 - New . Portable Furnances (ADI)
13000014-02-00 - New . Plasma Cool . Air Conditioning (ADI)
13000016-02-00 - New . ACW . Air Conditioning (ADI)
13000026-02-00 - New . ACW Heaters (ADI)
13000020-03-00 - New . Comfort Furnaces (BENT EL)
$ (57,682.80)
13000022-03-00 - New . RedCore Heaters (BENTEL)
$ 9,569.34
13000024-03-00 - New . Heatstorm Heaters (BENT EL)
$ 276.33
13000026-03-00 - New . ACW Heaters (Bentel)
13000026-04-00 - New . ACW . Heaters (ACW)
13000000-04-00 - New . ACW . Air Conditioning (ACW)
13000027-04-00 - New . Heatstorm . Heaters (ACW)
$ 26,466.07
$ 5,088.13
$ 111.07
13000023-04-00 - New . CF . Heaters (ACW)
13000022-04-00 - New . Red Core . Heaters (ACW)
13000025-04-00 - New . Red Core . Fire Places (ACW)
11399999-01-00 - Freight & Duties . Landed
$ 10,304.19
$ 470,676.75
13000005-04-00 - Inventory (ACW)
13013013-01-00 - Goods Clearing
$ (9,132.77)
13013013-02-00 - Goods Clearing (ADI)
13013013-03-00 - Goods Clearing (BENTEL)
13013013-04-00 - Goods Clearing (ACW)
$ 60.18
13000012-01-00 - New . Industrial Furnaces
13000014-01-00 - New . Plasma Cool Air Conditioning
13000026-01-00 - ACW Heaters
13000005-01-00 - OCO Inventory (AXE, Finance )
Page
2
Continued on next page
$ 5,820.48
$ (37,886.27)
$ 29,820.53
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
13000004-04-00 - ACW New. Free Gift Inventory
$ 2,091.71
13000002-04-00 - ACW New Air Purifiers
$ 2,848.83
13000017-01-00 - New - FANS
13000017-04-00 - New ACW LifeSmart Fans
$ (5,342.04)
$ 1,339.70
__________________
Total 13000 - Inventory . New Product
$ 578,655.04
-------------
13100 - Inventory . Returned Product
13100002-01-00 - WIP . Oreck Air Purifiers
$ 77,640.71
13100000-01-00 - WIP . Oreck Retail Vacuums
$ 17,263.16
13100006-01-00 - WIP . Commercial Vacuums
$ 2,563.17
13100010-01-00 - WIP . Dehumidifiers
$ 199.74
13100005-01-00 - WIP . Fast Vacuums
$ 319.29
13100004-01-00 - WIP . Gift Inventory
13100026-02-00 - WIP . ACW Heaters (ADI)
13100012-02-00 - WIP . Portable Furnaces (ADI)
11320000-02-00 - WIP . ACW Air Conditioning (ADI)
11320005-02-00 - WIP . Plasma Cool Air Conditioning (ADI)
11320500-03-00 - WIP . Comfort Furnaces (Bentel)
$ 159,837.56
11320010-03-00 - WIP . Heatstorm (Bentel)
11320005-03-00 - WIP . Red Core Heaters (Bentel)
13100026-04-00 - WIP . ACW . Heaters (ACW)
$ 2,498.83
$ 89,380.59
13100023-04-00 - WIP . CF . Heaters (ACW)
13200027-04-00 - WIP . Heatstorm . Heaters (ACW)
13100000-04-00 - WIP . ACW Air Conditioning (ACW)
13100022-04-00 - WIP . Red Core . Heaters (ACW)
13100025-04-00 - WIP . Red Core . Fire Places (ACW)
13100026-01-00 - WIP . ACW Heaters
13100012-01-00 - WIP . Portable furnaces
11320005-01-00 - WIP . Plasma Cool Air Conditioning
$ 377.65
$ 340,840.58
$ 41,784.95
$ 8,273.71
$ 232,876.24
$ 6,133.88
$ 170,986.73
11320006-02-00 - Plasma Cool Dead (ADI)
$ 366.06
13100002-04-04 - WIP ACW Air Purifier
$ 280.50
13100003-01-00 - WIP - LifeSmart Fans
13100003-04-00 - WIP - ACW LifeSmart Fans
13100001-04-00 - WIP - ACW . Oreck Retail Vacuum
$ 2,605.91
__________________
Page
3
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
Total 13100 - Inventory . Returned Product
$ 1,154,229.26
-------------
13200 - Inventory . Show Demos
11330007-02-00 - Demo . ACW Heaters (ADI)
11330000-01-00 - Demo . Oreck Retail Vacuums
$ 26,640.43
11330050-01-00 - Demo . Oreck Air Purifiers
$ 26,683.38
11330010-01-00 - Demo . Oreck Gift Inventory
11330015-01-00 - Demo . Oreck Commercial Vacuums
$ 503.29
11330020-01-00 - Demo . Fast Vacuums
11300108-01-00 - Demo . Dehumidifiers
11330000-02-00 - Demo . ACW Air Conditioning (ADI)
11330005-02-00 - Demo . Plasma Cool Air Conditioning (ADI)
11330006-02-00 - Demo . Portable Furnaces (ADI)
11300150-03-00 - Demo . Comfort Furnances (Bentel)
$ 98,580.10
11330010-03-00 - Demo . Heatstorm (Bentel)
11330000-03-00 - Demo . Red Core Heaters (Bentel)
$ 12,747.84
13200026-04-00 - Demo . ACW . Heaters (ACW)
$ 46,130.13
13200023-04-00 - Demo . CF . Heaters (ACW)
13200024-04-00 - Demo . Heatstorms . Heaters (ACW)
13200000-04-00 - Demo . ACW . Air Conditioning ACW)
13200022-04-00 - Demo . Red Core . Heaters (ACW)
13200025-04-00 - Demo . Red Core . Fire Places (ACW)
$ 38,290.24
$ 4,011.49
$ 595.40
11330007-01-00 - Demo . ACW Heaters
$ 25,536.16
11330005-01-00 - Demo . Plasma Cool Air Conditioning
$ 23,696.65
11330050-04-00 - Demo ACW Air Purifier
$ 11,924.49
11330000-04-00 - ACW Demo. Oreck Retail Vacuums
11399998-01-00 - Rerturn Allowances (AXE, Finance )
$ (493.50)
$ 176,033.55
__________________
Total 13200 - Inventory . Show Demos
$ 490,879.65
-------------
13300 - Inventory . Service Parts & Consumables
13300005-01-00 - Parts . Oreck . Air Purifiers
$ 28,307.28
13300010-01-00 - Parts . Oreck Retail Vacuum
$ 21,356.29
13300015-01-00 - Parts . Oreck Commercial Vacuums
Page
4
Continued on next page
$ 5,975.54
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
13300020-01-00 - Parts . Fast Commercial Vacuums
13300025-03-00 - Parts . Red Core Heaters (BENT EL)
13300030-03-00 - Parts . Comfort Furnance (Bentel)
$ 149.09
$ 34,492.86
13300035-02-00 - Parts . Plasma Cool Air Conditioning (ADI)
13300040-02-00 - Parts . ACW Air Conditioning (ADI)
$ 20.00
13300045-02-00 - Parts . ACW Heaters (ADI)
13300040-04-00 - Parts . ACW Air Conditioning (ACW)
13300100-01-00 - Resale . Oreck Retail Vacuums
$ 8,974.72
13300200-01-00 - Resale . Oreck Commercial Vacuums
13300300-01-00 - Resale . Air Purifiers
$ 9,256.09
13300400-01-00 - Resale . Fast Commerical Vacuums
13300600-01-00 - Accessories & Supplies
13300035-01-00 - Parts . Plasma Cool Air Conditioning
$ 517.19
13300045-01-00 - Parts . ACW Heaters
$ 8,631.85
13300021-01-00 - T hinker Parts
$ 5,694.46
__________________
Total 13300 - Inventory . Service Parts & Consumables
$ 123,375.37
-------------
13400 - Inventory . Other
13400100-03-00 - New . T emptations (BENT EL)
$ 52,626.09
13400200-02-00 - New . IntelliT rap (ADI)
13400300-02-00 - New . Amana Air Conditioning (ADI)
13400900-01-00 - Boxes . Air Purifers
$ 25,096.18
13499999-02-00 - Inventory . Reserve (ADI)
13400800-02-00 - Inventory - Cutters & Blades (ADI)
13400900-04-00 - Boxes . Air conditioning (ACW)
13400200-04-00 - Intellitrap . Attractant (ACW)
13400200-01-00 - New . Intellitrap
13400300-01-00 - New . Amana Air Conditioning
$ 27,542.88
$ 2,207.59
13499999-01-00 - Inventory . Reserve 02
__________________
Total 13400 - Inventory . Other
$ 107,472.74
-------------
13500 - Footware
__________________
Page
5
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
Total 13500 - Footware
-------------
14000 - Undeposited Funds
$ 20.56
14000000-01-00 - Visa
14000100-01-00 - Mastercard
$ (166.10)
$ 240.86
14000200-01-00 - Amex
14000300-01-00 - Cheques CDN$
14000400-01-00 - Debit Card
$ 667.66
14000500-01-00 - Paypal
14000600-01-00 - Cheques US$
14000000-02-00 - Visa - (ADI)
$ 0.01
14000100-02-00 - Mastercard - (ADI)
$ 0.00
14000200-02-00 - Amex - (ADI)
14000300-02-00 - Cheques CDN - (ADI)
14000400-02-00 - Debit Card (ADI)
14000700-02-00 - US Visa - (ADI)
14000800-02-00 - US Mastercard - (ADI)
$ (439.75)
$ 439.46
14000600-02-00 - Cheques USD - (ADI)
14000000-03-00 - Visa (BENT EL)
14000100-03-00 - Mastercard (BENTEL)
14000200-03-00 - Amex (BENTEL)
14000300-03-00 - Cheques CDN$ (BENTEL)
14000400-03-00 - Debit Card (BENTEL)
14000600-03-00 - Cheques USD$ (BENTEL)
14001000-01-00 - Undeposited Funds-CASH
14001000-02-00 - Undepositeed Funds-CASH (ADI)
14002000-01-00 - Undeposited Funds- US Cash
14001000-03-00 - Undeposited Funds-CASH (BENT EL)
14001000-04-00 - Undeposited Funds (ACW)
__________________
Total 14000 - Undeposited Funds
$ 762.70
-------------
15000 - Prepaid Expenses
15000000-01-00 - Prepaid . Lease Deposits
Page
6
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$ 60,065.33
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
15000100-01-00 - Prepaid . Insurance
15000200-01-00 - Prepaid . License Fees
15000300-01-00 - Prepaid . Other
$ 47,330.33
15000000-02-00 - Prepaid Expenses (ADI)
15000000-03-00 - Prepaid Expenses - (BENT EL)
15000000-04-00 - Prepaid Expenses (ACW)
__________________
Total 15000 - Prepaid Expenses
$ 107,395.66
-------------
16000 - Vendor Deposits
16000000-01-00 - Vendor Deposits . Heaters
16000100-01-00 - Vendor Deposits . Air Conditioning
16000200-01-00 - Vendor Deposits . Other
16000300-01-00 - Other AR . KIO T rend Inc. (AXE, Finance )
16000400-01-00 - Other AR . Swissies (AXE, Finance )
__________________
Total 16000 - Vendor Deposits
-------------
17000 - Corporate Income Taxes Receverable
17000000-01-00 - Corporate Income T axes Recoverable
$ 3,316.87
17000200-02-00 - Corporate Income T axes Recoverable (ADI)
__________________
Total 17000 - Corporate Income Taxes Receverable
$ 3,316.87
-------------
41000200-04-00
__________________
Total 10000 - Current Assets
$ 4,705,039.88
-------------
20000 - Long Term Assets
21000 - Capital Assets
Page
7
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
21000000-01-00 - Furniture & Equipment
21000000-04-00 - Furniture & Equipment (ACW)
21000100-01-00 - Computer Hardware
21000100-04-00 - Computer Hardware (ACW)
21000200-01-00 - Computer Software
$ 188,305.63
$ 4,495.50
$ 170,798.81
$ 2,336.63
$ 245,244.99
21000200-04-00 - Computer Software (ACW)
21000300-01-00 - Leaseholds
21000400-04-00 - Warehouse Equipment (ACW)
$ 265,111.29
$ 2,497.50
__________________
Total 21000 - Capital Assets
$ 878,790.35
-------------
22000 - Accumulated Amortization
22000000-01-00 - Acc. Amortization . Furniture & Equipment
$ (131,928.56)
22000100-01-00 - Acc. Amortization . Computer Hardware
$ (112,270.15)
22000200-01-00 - Acc. Amortization . Computer Software
$ (174,751.69)
22000300-01-00 - Acc. Amortization . Leaseholds
$ (231,908.49)
22000000-04-00 - Acc. Amortization . Furniture and Equipment
(ACW)
$ (2,498.00)
22000400-04-00 - Acc. Amortization . Warehouse Equipment (ACW)
$ (959.49)
22000100-04-00 - Acc. Amortization . Computer Equipment (ACW)
$ (576.84)
22000200-04-00 - Acc. Amortization . Computer Software (ACW)
__________________
Total 22000 - Accumulated Amortization
$ (654,893.22)
-------------
23000 - Long Term Investments
23000000-00-00 - Debenture due from Arbaco Direct Inc (Arbaco
Ltd)
23999199-00-00 - Contra Debenture due from Arbaco Direct Inc
(Arbaco Ltd)
23000100-00-00 - Debenture Due From Axe Houghton (ARBACO
Ltd)
23999099-00-00 - Contra Debenture due from Axe (Arbaco Ltd,
Finance)
23000600-00-00 - Investment in Shares American Comfort
Distribution Inc. (Arbaco Ltd)
$ 1,675,064.44
$ (1,675,064.44)
$ 10.00
23996999-00-00 - Contra . Investment American Distributrion Inc.
(Arbaco Ltd)
23999799-00-00 - Contra . Investment Fast America LLC (Arbaco
Ltd)
23000700-00-00 - Investment in Shares Fast America LLC (Arbaco
Ltd)
23999199-01-00 - Contra . Arbaco Debenture (AXE)
23999299-02-00 - Contra . Arbaco Debenture (ADI, Finance)
Page
8
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$ 100.00
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
23000300-00-00 - Investment in Shares of ADI (Arbaco Ltd)
23999399-00-00 - Contra . Investment ADI (Arbaco Ltd)
23000000-01-00 - Investment in Shares of ADI
23999099-01-00 - Contra . Investment in ADI
23000400-00-00 - Investment in Shares of Axe Houghton (ARBACO
Ltd)
23999499-01-00 - Contra . Arbaco Ltd. Investment (AXE)
$ 100.00
$ (100.00)
$ 1.00
$ (1.00)
$ 870,000.00
$ (870,000.00)
__________________
Total 23000 - Long Term Investments
$ 110.00
-------------
24000 - Intercompany Due From (To)
24000000-00-00 - Due From (T o) AXE Houghton (Arbaco Ltd)
24000000-01-00 - Due From (T o) Arbaco Limited
24000100-00-00 - Due From (T o) Arbaco Direct Inc (Arbaco Ltd)
24000100-02-00 - Due From (T o) Arbaco Limited (ADI)
24000200-00-00 - Due From (T o) Bentel LLP (Arbaco Ltd)
24000200-03-00 - Due From (T o) Arbaco Limited (Bentel)
24000300-01-00 - Due From (T o) Arbaco Direct Inc
24000300-02-00 - Due From (T o) AXE Houghton (ADI)
24000400-01-00 - Due From (T o) Bentel LLP
24000400-03-00 - Due From (T o) AXE Houghton (BENT EL)
24000500-01-00 - Due From (T o) American Comfort World Wide
LLC
24000500-04-00 - Due From (T o) AXE Houghton (ACW)
24000600-03-00 - Due From (T o) Arbaco Direct Inc (Bentel)
24000600-02-00 - Due From (T o) Bentel LLP (ADI)
24001200-01-00 - Due From (T o) OCO
$ 1,117,491.23
$ (1,117,491.23)
$ (477,578.54)
$ 477,578.54
$ (796,849.54)
$ 796,471.54
$ (1,500.00)
$ 1,500.00
$ 682,613.33
24000700-01-00 - Due From (T o) Fast America LLC
24000700-04-00 - Due From (T o) Fast America LLC (ACW)
24000800-01-00 - Due From (T o) American Comfort Distribution Inc
24000800-04-00 - Due From (T o) American Comfort Distribution Inc
(ACW)
24000900-01-00 - Due From (T o) 6313281 Manitoba Ltd.
24013000-01-00 - Due From (T o) Cordovero Distribution Inc.
$ 23,912.85
$ 101,210.81
24000700-00-00 - Due From (T o) American Distribution Inc. (Arbaco
Ltd,)
__________________
Total 24000 - Intercompany Due From (To)
$ 807,358.99
-------------
Page
9
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
1999999 - Legacy Accounts . Not in Use
12400000-00-00 - Other Long T erm Assets (ARBACO Ltd)
11600203-00-00 - Due to/from OCO (Arbaco Ltd)
11600205-00-00 - Due to Bentel (ARBACO Ltd)
11600204-00-00 - Due to/from Portable Furnace Int'l (Arbaco Ltd)
12200001-00-00 - Incorporation Costs (Arbaco Ltd)
11100002-00-00 - DO NOT USE
11100001-00-00 - DO NOT USE
11500001-01-00 - Prime Linked GIC
11100010-01-00 - Petty Cash
11100002-01-00 - DO NOT USE
11200100-01-00 - Accounts Receivable - Other
11200011-01-00 - Accounts Rec. Domestic clearing
11200022-01-00 - Accounts Rec. Foreign clearing
11200210-01-00 - Accounts Receivable-AmericanComfort
Distribution Cda
11200213-01-00 - Accounts Receivable-Bentel America LLC
11200900-01-00 - Claims Receivable
11200020-01-00 - Simone Cohen Receivable
11200010-01-00 - Ben Cohen Receivable
11200010-00-00 - A/Receivable-Ben Cohen (Arbaco ltd)
11200200-01-00 - Accounts Receivable -reallocated to Interco
11200211-01-00 - Accounts Receivable-AmericanComfort
Worldwide USA
11600002-01-00 - Contra Account
11600010-01-00 - Employee Receivable
11600011-01-00 - Axe Houghton Receivable
12200061-00-00 - Accum.Depn.-Intangibles (ARBACO Ltd)
12200001-01-00 - Incorporation Costs
12100050-01-00 - Organization Expense
12200060-01-00 - Intangible Assets-BDC Subdebt capitalized
12200061-01-00 - Accum.Deprec.-Intangible Assets (Sub-debt)
11300001-00-00 - Inventory - (Arbaco Ltd)
11600201-01-00 - Due to/from Axe Houghton
11600500-01-00 - INTERCOMPANY with Portable Furnace
11600213-01-00 - Intercompany-Bentel America USA
11600211-01-00 - (Inactive)Intercompany-American Comfort USA
11600204-01-00 - Due to/from Portable Furnace Int'l
11300002-02-00 - Parts (ADI)
Page
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
11300005-02-00 - Inventory - Equator (ADI)
11300009-02-00 - Inventory - Jazz Golf (ADI)
11300010-02-00 - Inventory - Cool Stereo (ADI)
11300014-02-00 - Inventory - Haier (ADI)
11300013-02-00 - Inventory - Soleus (ADI)
11600500-02-00 - INTERCOMPANY with Oreck (ADI)
11600204-02-00 - Due to/from Portable Furnace Int'l (ADI)
11600203-02-00 - Due to/from OCO (ADI)
12200061-02-00 - Accum.Depn-Intangibles (ADI)
12200001-02-00 - Incorporation Costs (ADI)
12200002-02-00 - T rademarks (ADI)
11200200-02-00 - Accounts Receivable -reallocated to Interco (ADI)
11100004-02-00 - DO NOT USE
11600002-02-00 - Contra Account (BENTEL)
11200900-02-00 - Claims Receivable (ADI)
11200100-02-00 - Accounts Receivable - Other (ADI)
11600207-03-00 - ADI Managment Inc. (BENTEL)
11600203-03-00 - Due to Bentel/ ADI LP (BENT EL)
11200100-03-00 - Accounts Receivable - Other (BENT EL)
11100002-03-00 - DO NOT USE
__________________
Total 1999999 - Legacy Accounts . Not in Use
------------__________________
Total 20000 - Long Term Assets
$ 1,031,366.12
------------__________________
$ 5,736,406.00
Total Assets
__________________
$ 5,736,406.00
=============
Liabilities
30000 - Current Liabilities
31000 - Operating Facility
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Date : 11/26/2014
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Time : 12:15PM
Balance Sheet to 10/31/2014
31000000-01-00 - RBC . CND
$ 4,726,700.01
31000100-01-00 - RBC . USD
$ 95,152.62
31000000-04-00 - VNB . 3151016787 (ACW)
31000100-04-00 - Access Capital Loan
$ (57,545.37)
$ 1,581,368.00
31000101-01-00 - RBC USD 04516 -86962297 -007 (AXE, Finance )
__________________
Total 31000 - Operating Facility
$ 6,345,675.26
-------------
32000 - Accounts Payable . Trade
32000000-00-00 - Accounts Payable . T rade (Arbaco)
32000000-01-00 - Accounts Payable . T rade
32000100-01-00 - Accounts Payable . T rade . USD
$ 1,215,717.43
$ (235,864.59)
32000000-02-00 - Accounts Payable . T rade (ADI)
32000100-02-00 - Accounts Payable . T rade . USD (ADI)
32000000-03-00 - Accounts Payable Trade (Bentel)
32000100-03-00 - Accounts Payable . T rade . US (Bentel)
32000000-04-00 - AP (ACW) - Non Control Account
32000888-04-00 - Accounts Payable . T rade USD (ACW)
$ 158,786.28
32999199-01-00 - Contra . Vendor Deposits . Heaters
32999299-01-00 - Contra . Vendor Deposits . Air Conditioning
32999399-01-00 - Contra . Vendor Deposits . Other
32000200-01-00
32000400-01-00 - Customs Duty Negative (AXE, Finance )
$ 52,800.65
__________________
Total 32000 - Accounts Payable . Trade
$ 1,191,439.77
-------------
33000 - MasterCard . Diners
33000000-01-00 - Diners Club . 7644 . Ben
33000100-01-00 - Diners Club . 1547 . Karen
__________________
Total 33000 - MasterCard . Diners
-------------
34000 - American Express . AMEX
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12
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
34000000-01-00 - Centurion . AMEX . 2008 . 2016
$ 184.73
34000100-01-00 - Platinum . AMEX . 3001. 1013
34000200-01-00 - Platinum.AMEX.CORP.71001
$ 455,392.87
__________________
Total 34000 - American Express . AMEX
$ 455,577.60
-------------
35000 - Visa
35000000-01-00 - Visa . RBC . 6162 . USD
$ (56,623.24)
35000100-01-00 - Visa . RBC . 2204 . Justine
$ (16,654.93)
35000200-01-00 - Visa . RBC . 2329 . Gary
__________________
$ (73,278.17)
Total 35000 - Visa
-------------
35000300-01-00 - GE Commercial Finance
36000 - Source Deductions Payable
36000000-01-00 - Source Deductions
$ 66,918.46
36020000-01-00 - Employee Ganishments
__________________
Total 36000 - Source Deductions Payable
$ 66,918.46
-------------
37000 - Accrued Liabilities . Inventory
37000000-01-00 - Accrued Inventory Vac
37000100-01-00 - Accrued Inventory Air Purifiers
37000200-01-00 - Accrued Inventory Floor Care M/C
37000300-01-00 - Accrued Inventory free gifts
37000400-01-00 - Accrued Inventory Parts Oreck
37000500-01-00 - Accrued Inventory Accessories & Supplies
37000600-01-00 - Accrued Inventory Dehumidifiers
37000700-01-00 - Accrued Inventory Commercial
37001800-02-00 - Accrued Inventory PF (ADI)
37001700-02-00 - Accrued Inventory Parts (ADI)
Page
13
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
37001600-02-00 - Accrued Inventory Hartland Air (ADI)
37001500-02-00 - Accrued Inventory Reliable (ADI)
37001400-02-00 - Accrued Inventory Equator (ADI)
37001300-02-00 - Accrued Inventory Safeplace (ADI)
37000100-02-00 - Accrued Inventory Plasma (ADI)
37001200-02-00 - Accrued Inventory T ouch to Clean (ADI)
37001100-02-00 - Accrued Inventory Jazz Golf (ADI)
37001000-02-00 - Accrued Inventory Cool Stereo (ADI)
37000900-02-00 - Accrued Inventory Amana (ADI)
37000800-02-00 - Accrued Inventory Soleus (ADI)
37000700-02-00 - Accrued Inventory Haier (ADI)
37000600-02-00 - Accrued Inventory IntelliTrap (ADI)
37000500-02-00 - Accrued Inventory Cutters & Blades (ADI)
37000400-02-00 - Accrued Inventory Cosmetics (ADI)
37000200-02-00 - Accrued Inventory Josen (ADI)
37000400-03-00 - Accrued Inventory Comfort Furnace (BENTEL)
37000500-03-00 - Accrued Inventory Parts & Acc. (BENT EL)
$ (231.97)
37000600-03-00 - Accrued Inventory T emptations (BENT EL)
37000700-03-00 - Accrued Inventory Redcore (BENT EL)
37000800-03-00 - Accrued Inventory Heatstorm (BENT EL)
37000000-03-00 - Accrued Inventory H-Man (BENT EL)
37000000-04-00 - Accrued Inventory (ACW)
$ 55,486.60
37001801-01-00 - Accrued Inventory PF
37000800-01-00 - Accrued Inventory Plasma
37000201-01-00 - Accrued Inventory Josen
$ 19,142.58
37001700-01-00 - Accrued Inventory Parts ACW
37001701-01-00 - Accrued Inventory Parts ACW
37000300-04-00 - ACW Accrued Inventory free gifts
37000100-04-00 - ACW Accrued Inventory Air Purifiers
37000801-01-00 - Accrued Inventory Fans
37000801-04-00 - ACW - Accrued Inventory Fans
__________________
Total 37000 - Accrued Liabilities . Inventory
$ 74,397.21
-------------
38000 - Accrued Liabilites . Non Inventory
38000000-01-00 - Vacation Payable
Page
14
Continued on next page
$ 17,065.71
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
38010000-01-00 - Employee Advance
38020000-01-00 - Accrued Liabilites
38030000-01-00 - Employee Exp. Reimbursement
$ 380.61
$ 123,908.36
$ (1,455.70)
38000000-00-00 - Accrued Liabilities
38000000-02-00 - Accrued Liabilities (ADI)
38000000-03-00 - Accrued Liabilities (Bentel)
38000000-04-00 - Accrued Liabilities (ACW)
__________________
Total 38000 - Accrued Liabilites . Non Inventory
$ 139,898.98
-------------
50000 - GST (Receivable) Payable
50000000-01-00 - GST . Collected
50000100-01-00 - GST . Paid
$ 138,110.74
$ (231,862.92)
50000000-02-00 - GST . Collected (ADI)
50000100-02-00 - GST . Paid (ADI)
50000000-03-00 - GST . Collected (BENTEL)
50000100-03-00 - GST . Paid (BENTEL)
$ (33.29)
$ (10,256.83)
$ 10,159.42
__________________
Total 50000 - GST (Receivable) Payable
$ (93,882.88)
-------------
40000 - PST Payable
40000100-01-00 - PST T ax Payable - Manitoba
40000200-01-00 - PST T ax Payable - Ontario
40000100-02-00 - PST T ax Payable - Manitoba (ADI)
$ 2,186.24
$ 4.96
$ (32.20)
40000200-02-00 - PST T ax Payable - Ontario (ADI)
40000100-03-00 - PST T ax Payable -Manitoba (BENTEL)
40000200-03-00 - PST T ax Payable - Ontario (BENT EL)
$ 2.00
40000300-03-00 - PST T ax Payable -Sask (BENT EL)
40000400-04-00 - Sales T ax Payable (ACW)
__________________
Total 40000 - PST Payable
$ 2,161.00
-------------
60000 - Corporate Income Taxes Payable
Page
15
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Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
60000000-00-00 - Federal Income T ax Liability (Arbaco Ltd)
60000000-01-00 - Federal Income T ax Liability
60000000-02-00 - Federal Income T ax Liabliity (ADI)
60000000-03-00 - Federal Income T ax Liability (BENTEL)
60000000-04-00 - Federal Income T ax Liability (ACW)
__________________
Total 60000 - Corporate Income Taxes Payable
-------------
70000 - Long Term Debt . Current
70000100-01-00 - BDC T erm Loan . 349441-03 Current
70000200-01-00 - BDC T erm Loan . 349441-04 Current
70000300-01-00 - BDC T erm Loan . 349441-06 Current
$ 83,615.59
70000400-01-00 - BDC T erm Loan . 349441-07 Current
$ 12,540.00
__________________
Total 70000 - Long Term Debt . Current
$ 96,155.59
-------------
__________________
Total 30000 - Current Liabilities
$ 8,205,062.82
-------------
80000 - Long Term Debt
81000 - Long Term Debt
81000100-01-00 - BDC . T erm Debt . 349441-03
81000200-01-00 - BDC . T erm Loan . 349441-04
81000300-01-00 - BDC . T erm Loan . 349441-06
$ 160,264.23
81000400-01-00 - BDC . T erm Loan . 349441-07
$ 15,515.00
81999199-01-00 - Contra . BDC T erm Loan . 349441-03
81999299-01-00 - Contra . BDC T erm Loan . 349441-04
81999399-01-00 - Contra . BDC T erm Loan . 349441-06
$ (48,776.00)
81999499-01-00 - Contra . BDC T erm Loan . 349441-07
$ 22,300.00
__________________
Total 81000 - Long Term Debt
Page
16
Continued on next page
$ 149,303.23
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
-------------
82000 - Subordinated debt . Shareholder Loans
82000100-01-00 - Due to Arbaco Limited
82999199-01-00 - Contra Due to Arbaco Limited
$ 1,675,064.44
$ (1,675,064.44)
82000000-02-00 - Due to Abrbaco Ltd. (ADI)
82999399-02-00 - Contra Due to Abrbaco Limited (ADI)
82000300-01-00 - Shareholder Loan . Ben Cohen
$ 1,017,831.47
__________________
Total 82000 - Subordinated debt . Shareholder Loans
$ 1,017,831.47
-------------
83000 - Deferred Revenue
83000100-01-00 - Deferred Revenue
83000100-02-00 - Deferred Revenue (ADI)
83000100-03-00 - Deferred Revenue (BENT EL)
__________________
Total 83000 - Deferred Revenue
-------------
2999999 - Legacy Accounts . Not in Use
22200001-01-00 - RBC Loan
22200100-01-00 - T erry McNally
22200002-01-00 - RBC Leasehold Imrovement Loan
22200006-01-00 - BDC . Sub Debt . 038752-01
21400012-01-00 - Samson Advance
21400011-01-00 - Karen Advance
21300020-01-00 - (Inactive)Diners Club - Doug (Oreck, Finance)
21300007-01-00 - (Inactive)CIBC Visa (Oreck, Finance)
21300009-01-00 - (Inactive)Home Depot (Oreck, Finance)
21300010-01-00 - (Inactive)GE Money (Oreck, Finance)
21300003-01-00 - (Inactive)Diners Club Mastercard
21300004-01-00 - (Inactive)Diners Club - Chad (Oreck, Finance)
21200003-01-00 - T rade Payable Asset
21200201-01-00 - T rade Payable Domestic
Page
17
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Date : 11/26/2014
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Time : 12:15PM
Balance Sheet to 10/31/2014
21200202-01-00 - T rade Payable Foreign
21200500-01-00 - Accounts Payable CLEARING
21200500-02-00 - Accounts Payable CLEARING (ADI)
21200201-02-00 - T rade Payable Domestic (ADI)
21200202-02-00 - T rade Payable Foreign (ADI)
21200500-03-00 - Accounts Payable CLEARING (BENTEL)
29898988-01-00 - EI Payable - Employee
24005000-01-00 - (AXE, Finance)
__________________
Total 2999999 - Legacy Accounts . Not in Use
------------__________________
Total 80000 - Long Term Debt
$ 1,167,134.70
------------__________________
$ 9,372,197.52
Total Liabilities
Equity
90000 - Shareholders' Equity
91000 - Preferred Stock
91000000-01-00 - Preferred Shares Class (AXE)
$ 100.00
91000000-00-00 - Preferred Shares Class D (ARBACO LIMITED)
$ 200.00
91009989-01-00 - Contra . Arbaco Pref Shares . Class D
91000000-02-00 - Preferred Shares Class D (ADI)
91000999-01-00 - Contra . ADI Preference Shares . Class D
$ 1.00
$ (1.00)
91000200-01-00 - Pref Shares . Class B (AXE, Finance )
__________________
Total 91000 - Preferred Stock
$ 300.00
-------------
92000 - Common Stock
92000000-00-00 - Common Shares Class A (Arbaco LIMITED)
92000999-00-00 - Contra . Investment in ADI (Arbaco Ltd.)
$ 100.00
$ (100.00)
92000000-02-00 - Common Shares Class A (ADI)
$ 100.00
92000000-03-00 - Partner Contributions (BENT EL)
$ 100.01
Page
18
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Time : 12:15PM
Balance Sheet to 10/31/2014
92000000-04-00 - Class A Shares (ACW)
$ 99.90
92000100-04-00 - Class B Shares (ACW)
$ 225,836.94
__________________
Total 92000 - Common Stock
$ 226,136.85
-------------
93000 - Dividends
93000989-01-00 - BDC Subordinated Debt
93000000-00-00 - Dividends Paid (Arbaco LIMIT ED)
93000000-01-00 - Dividends Paid (AXE)
93000999-01-00 - Contra . Retained Earnings
93000000-02-00 - Dividends Paid (ADI)
93000999-02-00 - Contra . Retained Earnings (ADI)
__________________
Total 93000 - Dividends
-------------
94000 - Retained Earnings
94000000-00-00 - Retained Earnings (Arbaco LIMIT ED)
94000000-01-00 - Retained Earnings (AXE)
94000000-02-00 - Retained Earnings (ADI)
94000000-03-00 - Partner's Equity (BENTEL)
$ 1,675,174.44
$ (972,064.44)
$ (1,245,080.21)
$ 1,083,929.52
94000100-00-00 - YE Closing Account (Arbaco LIMITED)
94000200-00-00 - YE Closing Account (Arbaco LIMITED)
94000100-03-00 - YE Closing Account (BENTEL)
94000000-04-00 - Retained Earnings (ACW) (ACW, Finance )
$ 39,552.63
__________________
Total 94000 - Retained Earnings
$ 581,511.94
-------------
94000300-00-00 - Contributed Surplus (ARBACO LIMIT ED)
94000999-01-00 - Contra . Contributed Surplus (AXE)
95000 - Owner's Equity
95000000-00-00 - Arbaco Debenture Payable
95000000-01-00 - Owner's Investment
Page
19
Continued on next page
$ 869,800.00
$ (870,000.00)
Date : 11/26/2014
Continue
Time : 12:15PM
Balance Sheet to 10/31/2014
95000100-01-00 - Owner's Withdrawal
95000200-01-00 - Withdrawals - Ben Cohen
95000300-01-00 - Withdrawals - Simone Cohen
95000400-01-00 - Dividends Receivable
31500007-01-00 - Debenture Payable to Arbaco Ltd. (Axe)
31500007-02-00 - Debenture Payable to Arbaco Ltd. (ADI)
95000000-03-00 - Partnership equity (BENTEL)
95000100-03-00 - Disbursements to T rust Beneficieries (BENTEL)
95000200-03-00 - Disbursements General Partner . ADI
Management Inc. (BENTEL)
$ (125,000.00)
$ (95.00)
__________________
Total 95000 - Owner's Equity
$ (125,095.00)
------------__________________
Total 90000 - Shareholders' Equity
$ 682,653.79
------------$ (4,337,467.32)
Profit Period
__________________
$ (3,654,813.53)
Total Equity
__________________
$ 5,717,383.99
=============
Page
20
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.3. October 31, 2014 Consolidated Income Statement
Axe Houghton Group Inc. – Interim Report
PwC
22
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
Transaction Cross-Section By Posting Date
Revenue
405 - FANS - FANS
40500000-01-00 - LifeSmart FANS
40500000-04-00 - ACW LifeSmart Fans
$ (1,757.44)
__________________
Total 405 - FANS - FANS
$ (1,757.44)
-------------
400 - InfraRed Heater . Revenue, net
40000000-03-00 - Comfort Furnance . Revenue . New(Bentel)
40000005-03-00 - Comfort Furnance . Revenue . Demo (Bentel)
40000010-03-00 - Comfort Furnance . Returns (Bentel)
$ 177,500.19
$ 67,655.22
$ (167,663.92)
40010000-02-00 - Portable Furnance . Revenue . New (ADI)
40010010-02-00 - Portable Furnance . Returns (ADI)
40020000-02-00 - ACW Heater . Revenue . New (ADI)
$ (1,755.83)
40020005-02-00 - ACW Heater . Revenue . DEMO (Bentel)
40200010-02-00 - ACW Heater . Returns (ADI)
40030000-03-00 - Heatstorm . Revenue (Bentel)
40030010-03-00 - Heatstorm . Returns (Bentel)
$ (120.00)
40040000-03-00 - Red Core . Revenue (Bentel)
$ 7,593.07
40040010-03-00 - Red Core . Returns (Bentel)
$ (3,063.13)
40099000-03-00 - Commissions & Placement Fees (Bentel)
40098000-03-02 - Vendor Rebate & Allowances(Bentel)
40000000-04-00 - Comfort Furnance. Revenue . New (ACW)
40000005-04-00 - Comfort Furnance . Demo (ACW)
40000010-04-00 - Comfort Furnance . Returns (ACW)
40030000-04-00 - Heatstorm . New (ACW)
40030005-04-00 - Heatstorm . Demo (ACW)
40030010-04-00 - Heatstorm . Returns (ACW)
$ 188.60
40040000-04-00 - Red Core . New (ACW)
$ 31,051.86
40040005-04-00 - Red Core . Demo (ACW)
$ 14,518.56
40040010-04-00 - red Core . Return (ACW)
$ (281.55)
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39
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Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
40020000-04-00 - ACW . Heater . Revenue . New (ACW)
40020005-04-00 - ACW . Heater . Revenue . Demo (ACW)
40010010-04-00 - ACW . Heater . Return (ACW)
$ 587,248.35
$ 30,774.64
$ (309,640.70)
40000001-04-00 - Comfort Furnace. Revenue. New (ACW)
40020000-01-00 - ACW Heater - Revenue New
$ 366,470.72
40200010-01-00 - ACW Heater. Returns
$ (272,957.24)
40020005-01-00 - ACW Heater . Revenue . DEMO
$ 39,427.16
40020006-01-00 - Portable Furnace Revenue
$ (1,879.73)
__________________
Total 400 - InfraRed Heater . Revenue, net
$ 565,066.27
-------------
410 - Air Purifier . Revenue, net
41000000-01-00 - Oreck . Air Purifier Revenue . New
$ 2,617,936.44
41000100-01-00 - Oreck . Air Purifier . Revenue . Demo
$ 319,214.68
41000200-01-00 - Oreck . Air Purifier Returns
$ (715,704.53)
41098000-01-01 - Oreck . Rebate & Allowances
41098000-01-02 - Oreck . Vendor Rebate & Allowances
41099000-01-00 - Commission & Placement fees
41020000-01-00 - Resale Air Purifier Revenue
$ 121,146.82
41020200-01-00 - Resale Air Purifier . Returns
41097000-01-00 - Overpayment
$ 0.04
41060000-01-00 - Underpayment
$ (0.55)
41050000-01-00 - Other Revenue
$ 20,100.00
41000001-04-00 - Air Purifiers (ACW)
41000100-04-04 - ACW Air Purifier Demo
$ 63,902.10
41000201-04-00 - ACW Air Purifier Return
$ (63,141.59)
41000000-04-00 - ACW Air Purifier Revenue . New
$ 141,665.87
__________________
Total 410 - Air Purifier . Revenue, net
$ 2,505,119.28
-------------
420 - Air Conditioning . Revenue, net
42000000-01-00 - Air Conditioning . Revenue . New
42000100-01-00 - Air Conditioning . Revenue . Demo
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$ (585.83)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
42000200-01-00 - Air Conditioning . Revenue . Returns
42098000-01-00 - Vendor Rebates & Allowances
$ (29,669.56)
42000000-02-00 - Plasma Cool . Revenue . New (ADI)
42000100-02-00 - Plasma Cool . Revenue . Demo
42000200-02-00 - Plasma Cool . Returns (ADI)
42010000-01-00 - Dehumidifier Revenue
$ 349.00
$ 1,164.01
42010200-01-00 - Dehumidifier Returns
42098000-02-01 - Vendor Rebate & Allowances (ADI Distributor)
42000000-04-00 - ACW . Revenue . New (ACW)
42000100-04-00 - ACW . Revenue . Demo (ACW)
$ 409.37
$ 543,130.71
42000200-04-00 - ACW . Returns (ACW)
42090000-04-00 - Early payment discounts (ACW)
42098000-02-02 - Vendor Rebates & Allowances (ADI)
42099000-02-00 - Commissions & Placment Fees (ADI)
42020000-02-00 - American Comfort (ADI)
42030000-02-00 - Amana . Revenue (ADI)
42030200-02-00 - Amana . Returns (ADI)
42040000-02-00 - Haier . Revenue (ADI)
42097000-02-00 - Underpayment (ADI)
42096000-02-00 - Overpayment (ADI)
42095000-02-00 - Other Revenue (ADI)
42090001-04-00 - Early payment discounts (ACW)
42000001-04-00 - ACW. Revenue. New (ACW)
$ 140,061.33
42098001-04-02 - Vendor Rebates & Allowances (ACW, Wholesale )
$ (17,305.88)
42000001-01-00 - Plasma Cool . Revenue NEW
42000101-01-00 - Plasma Cool . Revenue . Demo
42000201-01-00 - Plasma Cool . Returns
$ 1,305,287.40
$ 42,717.97
$ (527,310.51)
42030201-01-00 - Amana . Returns
42098001-01-00 - Sales Rerurns Allowance (AXE, Finance )
__________________
Total 420 - Air Conditioning . Revenue, net
$ 1,458,248.01
-------------
430 - Retail Vaccuum . Revenue, net
43000000-01-00 - Oreck Retail Vacuum . Revenue
43000100-01-00 - Oreck . Retail Vacuum . Demo
Page
3
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39
$ 373,386.95
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
43000200-01-00 - Oreck Retail Vacuum . Returns
$ (38,975.88)
43010000-01-00 - Resale . Oreck Retail Vacuum . Revenue
$ 38,149.33
43010200-01-00 - Resale . Oreck Retail Vacuum . Returns
$ (2,926.96)
43000000-04-00 - ACW Oreck Retail Vacuum . Revenue
$ 159,288.92
__________________
Total 430 - Retail Vaccuum . Revenue, net
$ 528,922.36
-------------
440 - Commerical . Vacuum Revenue, net
44000000-01-00 - Oreck . Commercial Vacuum . Revenue
$ 125,679.85
44000100-01-00 - Oreck . Commercial Vacuum . Demo
44000200-01-00 - Oreck . Commercial Vacuum . Returns
$ (10,704.85)
44100000-01-00 - FAST . Commercial Vacuum . Revenue
$ 19,214.35
44100100-01-00 - FAST . Commercial Vacuum . Demo
44100200-01-00 - FAST . Commercial Vacuum . Returns
$ (199.00)
__________________
Total 440 - Commerical . Vacuum Revenue, net
$ 133,990.35
-------------
450 - Parts & Service fee . Revenue
45010000-01-00 - Air Purifier . Parts Revenue
45010200-01-00 - Air Purifier . Parts Returns
$ 24,847.64
$ (64.95)
45020000-01-00 - Oreck Retail Vacuum Parts . Revenue
$ 42,624.33
45020200-01-00 - Oreck Retail Vacuum Parts . Returns
$ (3,057.23)
45030000-01-00 - Oreck Commercial Vac . Parts Revenue
$ 10,959.02
45030200-01-00 - Oreck Commercial Vac . Parts Returns
45040000-02-00 - Plasma Cool . Parts Revenue (ADI)
45040200-02-00 - Plasma Cool . Parts Returns (ADI)
45050000-02-00 - ACW Heater . Parts Revenue (ADI)
45050200-02-00 - ACW Heater . Parts Return (ADI)
45040000-03-00 - Comfort Furnance . Parts Revenue (Bentel)
45040200-03-00 - Comfort Furnance . Parts Returns (Bentel)
45099000-01-00 - Labour Revenue
45099000-03-00 - Labour Revenue (Bentel)
4
of
$ (79.00)
$ 1,456.44
45099000-02-00 - Labour Revenue (ADI)
Page
$ 8,508.95
39
$ 79.00
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
45100000-01-00 - Fast Commercial Vac . Parts Revenue
45100200-01-00 - Fast Commercial Vac . Parts Returns
45040000-01-00 - Air Conditioning . Parts Revenue
$ 4,900.45
45040200-01-00 - Air Conditioning . Parts Returns
45099100-01-00 - Air Conditioning . Labour Revenue
45030001-01-00 - Heater . Parts Revenue
$ 106.43
45030010-01-00 - Heater . Parts Returns
45300020-01-00 - Heater . Labour Revenue
48020000-04-00 - Intellitrap (ACW, Finance )
45099000-04-00 - Labour Revenue (ACW)
45030002-01-00 - ACW Heater parts
$ 1,335.67
__________________
Total 450 - Parts & Service fee . Revenue
$ 91,616.75
-------------
460 - Shipping & Processing Fee . Revenue
46000000-01-03 - Shipping Fees
$ 14,948.98
46000000-02-03 - Shipping Fees (ADI)
$ 576.92
40000000-03-03 - Shipping Fees (Bentel)
$ (19.45)
46000000-04-00 - Shipping Fees (ACW)
46010000-01-03 - Processing Fees
46010000-02-03 - Processing Fees (ADI)
$ 11,053.93
$ 75.48
46010000-03-03 - Processing Fees (Bentel)
46000001-04-00 - Shipping Fees (ACW)
$ 1,760.64
46000001-01-00 - Shipping Fees 02
46000001-01-03 - Shipping Fees -02 (AXE, DR )
47000001-01-00 - Plasma Cool . Ext Warranty. Revenue
__________________
Total 460 - Shipping & Processing Fee . Revenue
$ 28,396.50
-------------
470 - Extended Warranty . Revenue
47000000-01-00 - Oreck . Ext Warranty . Revenue
47000000-02-00 - Plasma Cool . Ext Warranty . Revenue
47000000-03-00 - Portable Furnace . Ext Warranty . Revenue
Page
5
of
39
$ 5,721.84
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
47000000-04-00 - ACW . Extended Warranty Revenue (ACW)
__________________
Total 470 - Extended Warranty . Revenue
$ 5,721.84
-------------
480 - Other . Revenue
48020000-03-00 - T emp-tation Revenue (Bentel)
48020200-03-00 - T emptation Return (Bentel)
$ 139,515.02
$ (241.58)
48003000-01-00 - Free Gift . Revenue
$ 41,815.18
48030200-01-00 - Free Gift . Returns
$ (26,080.60)
48099900-01-00 - PST Commission
$ (3,959.78)
48099900-02-00 - PST Commission (ADI)
$ 21.12
48099900-03-00 - PST Commission (Bentel)
41100003-02-00 - Sales Revenue Hartland (PF, Finance)
41100005-02-00 - Sales Revenue Equator (PF, Finance)
41100006-02-00 - Sales Revenue Safeplace (PF, Finance)
41100009-02-00 - Sales Revenue Jazz Golf (PF, Finance)
41100010-02-00 - Sales Revenue Cool Stereo (PF, Finance)
41100013-02-00 - Sales Revenue Soleus (ADI, Finance)
41100015-02-00 - Sales Revenue IntelliTrap (ADI, Finance)
41100017-02-00 - Sales Revenue Cosmetics (ADI, Finance)
41100016-02-00 - Sales Revenue Cutters & Blades (ADI, Finance)
41100008-02-00 - Sales Revenue T ouch to Clean (PF, Finance)
41100018-04-00 - Sales Revenue Insect Catchers (ACW, Finance)
41100019-04-00 - Sales Parts . Accessories (ACW, Finance)
41100020-04-00 - Sales Revenue Sauna (ACW, Finance)
42100013-02-00 - Sales RETURNS Soleus (ADI PF, Finance)
42100015-02-00 - Sales RETURNS Intellitrap (ADI PF, Finance)
42100016-02-00 - Sales RETURNS Cutters/Blades (ADI PF, Finance)
41300003-01-00 - Cash Discount (Oreck, Finance)
41300001-01-00 - Freight Allowance (Oreck, Finance)
41300021-01-00 - Early Payment Discount (Oreck, Finance)
41300022-04-00 - Early Payment Discount (ACW, Finance)
41300002-01-00 - Advertising & Budget Attainment Rebate (Oreck, Finance)
41200050-01-00 - Interest & NSF Revenue (Oreck, Finance)
49999999-00-00 - Suspense Account (Arbaco, Finance)
Page
6
of
39
$ (5,450.09)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
41200060-01-00 - Dividend Income (Oreck, Finance)
42100015-03-00 - Sales RETURNS H Man (BENT EL LP, Finance)
41200001-03-00 - Other Revenue Misc (BENT EL LP, Finance)
41100015-03-00 - Sales Revenue H Man (BENT EL LP, Finance)
41200011-02-00 - Shipping Fee US PF (PF, Finance)
$ 133.64
41200011-03-00 - Shipping Fee US - Comfort Zone (BENT EL LP, Finance)
41300011-01-00 - Warranty Claim (Oreck, Finance)
41300012-02-00 - Warranty Claim (PF, Finance)
42000005-03-01 - Vendor Rebate & Allowances (BENT EL LP, Distributr)
41100021-04-00 - Sales Parts. Accessories (ACW)
41100022-04-00 - Sales Revenue Suana (ACW)
41300023-04-00 - Early Payment Discount (ACW)
48099901-01-00 - PST Commission 02
41100015-01-00 - Sales Revenue Intellitrap
41200011-01-00 - Air Conditioning . Shipping & Processing Fee . Revenue
48003000-04-00 - ACW Free Gift . Revenue
$ 21,171.12
48030200-04-00 - ACW Free Gift Returns
__________________
Total 480 - Other . Revenue
$ 166,924.03
-------------
490 - Departmental Revenue . Internal Only
49000000-01-01 - Distributor Revenue
49000100-01-02 - Wholesale Revenue
49000200-01-03 - Direct Response Revenue
49000300-01-04 - Inside Sales Center Revenue
49000400-01-05 - WPG Retail Revenue
49000500-01-06 - Commercial Revenue
49000600-01-07 - International Revenue
49000600-01-00 - Contra . Departmental Revenue
__________________
Total 490 - Departmental Revenue . Internal Only
------------__________________
Total Revenue
Page
$ 5,482,247.95
7
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
CGS
500 - InfraRed Heater . COGS
50010000-02-00 - ACW Heater . COGS (ADI)
50010100-02-00 - ACW Heater . COGS . Demo (ADI)
50020000-02-00 - Portable Furnance . COGS (ADI)
50030000-03-00 - Comfort Furnace . COGS (Bentel)
$ (46,113.52)
50030100-03-00 - Comfort Furnace . COGS . Demo (Bentel)
$ (59,885.82)
50099000-03-00 - Comfort Furnace . Packaging Costs (Bentel)
50040000-03-00 - Heatstorm . COGS (Bentel)
50050000-03-00 - Redcore . COGS (Bentel)
$ 720.81
50030000-04-00 - Comfort Furnace . New (ACW)
50030200-04-00 - Comfort Furnance . Demo (ACW)
50010000-04-00 - ACW Heaters . New (ACW)
50010100-04-00 - ACW . Air Conditioning . Demo (ACW)
50010200-04-00 - ACW Heaters . Demo (ACW)
50099000-04-00 - Freight In (ACW)
$ (2,758.77)
50098000-04-00 - Packaging (ACW)
$ (11,127.04)
50099900-03-00 - Gain . (Loss) Material Revaluation (Bentel)
$ 778.98
50099800-03-00 - Gain . (Loss) Price Variance (Bentel)
$ (582.71)
50099700-03-00 - Gain . (Loss) Inventory Variance (Bentel)
$ (2,609.03)
50099900-04-00 - Gain . (Loss)Price Variance (ACW)
$ 17,114.22
50099800-04-00 - Gain . (Loss) Inventory Variance (ACW)
50099999-03-00 - Warranty Claims (Bentel)
50099998-03-00 - Freight IN (Bentel)
50999998-03-00 - Customs & Brokerage - (Bentel)
50099996-03-00 - Freight in Warehousing (Bentel)
50098000-03-00 - Packaging (Bentel)
50050000-04-00 - Red Core . COGS (ACW)
$ (82,631.97)
50050200-04-00 - Red Core . COGS . Demo (ACW)
$ (50,959.99)
50010000-04-04 - ACW . COGS . New (ACW)
$ (491,030.66)
50010005-04-00 - ACW . COGS . Demo (ACW)
$ 262,493.04
50040000-04-04 - Heatstorm . COGS (ACW)
50030001-04-00 - Comfort Funace. New (ACW)
40030201-04-00 - Comfort Funance. Demo (ACW)
50030201-04-00 - Comfort Funance. Demo (ACW)
Page
8
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
50010001-04-00 - ACW Heaters. New (ACW)
50010201-04-00 - ACW Heaters. Demo (ACW)
50099001-04-00 - Freight In (ACW)
$ (118,069.41)
50098001-04-00 - Packaging (ACW)
50099901-04-00 - Gain . (Loss) Price Variance (ACW)
50099801-04-00 - Gain . (Loss) Inventory Variance (ACW)
50010001-01-00 - ACW Heater . COGS
$ (856.90)
$ 154,896.14
$ (0.01)
$ (75,793.07)
50010010-01-00 - ACW Heater . COGS . DEMO
50010002-01-00 - Portable Furnace
$ 989.33
50099701-01-00 - Gain . (Loss) Inventory Variance PF
50099901-01-00 - Gain . (Loss) Price Variance PF
50099702-01-00 - Gain . (Loss) Inventory Variance ACW Heaters
$ 13,127.64
52099902-01-00 - Gain . (Loss) Price Variance ACW Heaters
__________________
Total 500 - InfraRed Heater . COGS
$ (492,298.74)
-------------
505 - FANS COGS
50500000-01-00 - Life Smart Fans COGS
50500000-04-00 - ACW - Fans COGS
$ 1,339.70
__________________
Total 505 - FANS COGS
$ 1,339.70
-------------
510 - Air Purifiers . COGS
51000000-01-00 - Oreck . Air Purifiers . COGS
$ (665,174.63)
51000100-01-00 - Oreck . Air Purfiers . COGS . Demo
$ (356,469.62)
51098000-01-00 - Oreck . Air Purifiers . Packaging Cost
51099900-01-00 - Gain . (Loss) Material Revaluation
$ (22,995.96)
$ 392.29
51099800-01-00 - Gain . (Loss) Quantity Variance
$ 5,003.12
51099700-01-00 - Gain . (Loss) Price Variance
$ 2,000.25
51099999-01-00 - Warranty Claims
51099997-01-00 - Customs & Brokerage
$ (139,795.00)
51099997-04-00 - Customs & Brokerage (ACW)
51099996-01-00 - Freight in Warehousing
Page
9
of
39
$ (412,284.10)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
51000100-04-00 - ACW Air Purifier COGS Demo
$ (74,460.39)
51000000-04-00 - ACW Air Purifiers COGS
$ (88,231.93)
53000000-04-00 - ACW Oreck Vacuums . COGS
$ (111,366.38)
__________________
Total 510 - Air Purifiers . COGS
$ (1,863,382.35)
-------------
520 - Air Conditioning . COGS
52000000-01-00 - Air Conditioning . COGS . New
$ (243,160.27)
52000100-01-00 - Air Conditioning . COGS . Demo
52000900-01-00 - Air Conditioning . Packaging
52099997-01-00 - Air Conditioning . Customs & Brokerage
52090020-01-00 - Air Conditioning . Frieght in
52010000-01-00 - Dehumidifer . COGS
$ (998.70)
52000000-02-00 - Plasma Cool . COGS (ADI)
52000100-02-00 - Plasma Cool . COGS . Demo (ADI)
52000900-02-00 - Plasma Cool . Packaging (ADI)
52099900-02-00 - Gain . (Loss) Inventory Variance (ADI)
$ 20.00
52099800-02-00 - Gain . (Loss) Material Revaluation (ADI)
52099700-02-00 - Gain . (Loss) Price Variance (ADI)
52020000-02-00 - Amana . COGS (ADI)
52099999-02-00 - Warranty Claims (ADI)
52099997-02-00 - Customs & Brokerage (ADI)
52000000-04-04 - ACW . COGS . New (ACW)
52000200-04-00 - ACW . COGS . Demo (ACW)
$ (49,152.37)
52009800-04-00 - ACW . Packaging (ACW)
52099997-04-00 - ACW . Customs & Brokerage (ACW)
52099996-04-00 - ACW . Frieght in (ACW)
$ (7,399.33)
52099994-04-00 - ACW . QC . China Onsite (ACW)
52099998-01-00 - Frieght In
$ (253,942.42)
52099996-02-00 - Freight In (ADI)
52009000-02-00 - Packaging (ADI)
51099000-04-00 - Gain . (Loss) Inventory Variance (ACW)
51098000-04-00 - Gain . (Loss) Material Variance (ACW)
$ (203,745.43)
$ 22,522.91
50010101-04-00 - ACW. Air Conditioning. Demo (ACW)
52000001-04-04 - ACW. COGS. New (ACW)
Page
10
of
39
$ (901,855.78)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
52009801-04-00 - ACW. Packaging (ACW)
52099995-04-00 - ACW.QC. China Onsite (ACW)
52000001-04-00 - Plasma Cool . COGS
$ (540,910.85)
52000101-01-00 - Plasma Cool COGS . Demo
$ (34,439.05)
52099901-01-00 - (Gain)/Loss Inventory Variance 02
$ (27,235.90)
52099801-01-00 - (Gain)/Loss Material Revaluation 02
52099992-01-00 - Customs & Brokerage 02 (AXE, Finance )
52000001-02-00 - Plasma Cool Dead COGS (ADI, Finance )
__________________
Total 520 - Air Conditioning . COGS
$ (2,240,297.19)
-------------
530 - Retail Vaccums . COGS
53000000-01-00 - Oreck Vacuums . COGS
$ (330,156.88)
53000100-01-00 - Oreck Retail Vacuum . COGS . Demo
53010000-01-00 - Resale Retail Vacuum . COGS
$ (15,627.93)
__________________
Total 530 - Retail Vaccums . COGS
$ (345,784.81)
-------------
540 - Commercial Vaccums . COGS
54000000-01-00 - Oreck Commercial Vacuums . COGS
$ (72,855.70)
54000100-01-00 - Oreck Commercial Vacuums . COGS . Demo
54100000-01-00 - Fast Commercial Vacuums . COGS
$ (13,045.71)
54100100-01-00 - Fast Commercial Vacuums . COGS . Demo
__________________
Total 540 - Commercial Vaccums . COGS
$ (85,901.41)
-------------
570 - Parts & Service . COGS
57000000-01-00 - Oreck Parts . COGS
$ (22,022.11)
57010000-01-00 - Oreck Accessories . COGS
$ (36,823.38)
57020000-01-00 - Oreck Commercial Vacuum Parts . COGS
57000001-01-00 - FAST Commercial Vacuum Parts . COGS
Page
11
of
39
$ (5,048.98)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
57030000-02-00 - Plasma Cool . Parts . COGS
57040000-02-00 - ACW Heater . Parts . COGS (ADI)
57040000-03-00 - Comfort Furnance Parts . COGS (Bentel)
$ (4,504.83)
57050000-04-00 - ACW Heater . Parts (ACW)
57060000-04-00 - Comfort Furnance . Parts COGS (ACW)
57030000-04-01 - ACW . Air Conditioning . Parts . COGS (ACW)
57080000-04-01 - ACW . Insect Catchers . Parts . COGS (ACW, Distributr)
57030000-01-00 - Air Conditioning . Parts . COGS (AXE, Finance )
57050001-04-00 - ACW Heater. Parts (ACW, Finance )
57060001-04-00 - Comfort Funace. Part COGS (ACW, Finance )
57030001-04-01 - ACW. Air Conditioning. Parts.COGS (ACW, Finance )
57080001-04-01 - ACW. Insect Catchers. Parts. COGS (ACW, Finance )
57030001-01-00 - Plasma Cool . Parts COGS
$ (2,486.91)
57040000-01-00 - ACW Heater . Parts . COGS
$ (1,605.85)
57040001-01-00 - T hinker Parts COGS
$ (126.67)
__________________
Total 570 - Parts & Service . COGS
$ (72,618.73)
-------------
580 - Other Product . COGS
58010000-01-00 - Free Gift . COGS
$ (17,091.08)
58020000-03-00 - Cost of Goods Sold H-Man (BENT EL LP, Finance)
58030000-02-00 - Cost of Goods Sold IntelliT rap (ADI, Finance)
58040000-03-00 - Cost of Goods Sold T emp-tations (BENT EL LP, Finance)
58050000-02-00 - Cost of Goods Sold Cutters & Blades (ADI, Finance)
51100017-02-00 - Cost of Goods Sold Cosmetics (ADI, Finance)
51100013-02-00 - Cost of Goods Sold Soleus (ADI, Finance)
51100010-02-00 - Cost of Goods Sold Cool Stereo (PF, Finance)
51100009-02-00 - Cost of Goods Sold Jazz Golf (PF, Finance)
51100006-02-00 - Cost of Goods Sold Safeplace (PF, Finance)
51100008-02-00 - Cost of Goods Sold T ouch to Clean (PF, Finance)
51100005-02-00 - Cost of Goods Sold Equator (PF, Finance)
51100003-02-00 - Cost of Goods Sold Hartland (PF, Finance)
52099995-02-00 - Freight in Warehousing (ADI)
51100014-02-00 - Cost of Goods Sold Haier (ADI, Finance)
51100016-03-00 - Cost of Goods Sold Housewares (Bentel, Finance)
Page
12
of
39
$ (125,209.48)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
51100001-00-00 - Cost of Goods Sold (Arbaco)
58060000-04-00 - Cost of Goods Sold Sauna (ACW, Finance)
51200301-01-00 - Do not Use . Brokerage
51200301-02-00 - Do not Use . Brokerage (ADI)
51200301-03-00 - Do Not Use . Brokerage (Bentel)
51100006-04-00 - ACW . Insect Catchers . Demo (ACW, Finance)
58030000-04-00 - ACW. Insect Catchers . New (ACW, Finance)
58060001-04-00 - Cost of Goods Sold Sauna (ACW, Finance )
51100007-04-00 - ACW. Insect Catchers. Demo (ACW, Finance )
58030001-04-00 - ACW. Insect Catchers. New (ACW, Finance )
58030001-01-00 - Cost of Goods Sold Intellitrap
58010000-04-00 - ACW Free Gift COGS
$ (8,932.80)
58010001-01-00 - COGS. Sales Returns Allowance (AXE, Finance )
__________________
Total 580 - Other Product . COGS
$ (151,233.36)
-------------
590 - Departmental COGS . Internal Only
59000000-01-01 - Distributor . COGS
59000100-01-02 - Wholesale . COGS
59000200-01-03 - Direct Response . COGS
59000300-01-04 - Inside Sales Centre . COGS
59000400-01-05 - Retail Sales . COGS
59000500-01-06 - Commercial . COGS
59000600-01-07 - International . COGS
59000600-01-00 - Contra . Departmental . COGS
__________________
Total 590 - Departmental COGS . Internal Only
------------__________________
Total CGS
$ (5,250,176.89)
__________________
Gross Profit
$ 232,071.06
Expenses
Page
13
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
600 - Avertising & Media
610 - Advertising & Media . Direct Response
61000000-01-00 - Air Purifier . Advertising
61302100-01-03 - Air Conditioning . DR . Advertising
61000000-03-00 - Comfort Furnace . Advertising (BENT EL)
61000000-02-00 - Portable Furnance . Advertising (ADI)
61001000-02-00 - Plasma Cool . Adverting (ADI)
61002000-01-00 - Oreck Vacuum . Advertising
61003000-03-00 - T emptations . Advertising (BENT EL)
61001000-01-03 - Air Purifiers . DR . Advertising
$ (358,825.20)
61002000-02-03 - Portable Furnance . DR . Advertising (ADI)
61002000-03-03 - Comfort Furnance . DR . Advertising (BENTEL)
$ (2,914.84)
61099900-01-03 - Promotion . DR
$ (6,699.36)
61099900-03-03 - Promotion . DR (BENTEL)
61090000-03-03 - T emptations . DR . Advertising (BENTEL)
61099900-04-03 - Promotion (ACW)
$ (29,586.68)
__________________
Total 610 - Advertising & Media . Direct Response
$ (398,026.08)
-------------
611 - Telephone . Direct Response
61101000-01-03 - 3rd Party Call Centre Service Fees
$ (56,591.74)
61102000-01-03 - T oll Free & Local Lines . DR
$ (34,031.19)
61103000-01-03 - T elephone . DR . Support & Lease
$ (10,208.80)
__________________
Total 611 - Telephone . Direct Response
$ (100,831.73)
-------------
612 - Advertings & Media . Online
61200000-01-03 - Internet Media . DR
61201000-02-03 - Internet Media . DR (ADI)
61200011-02-00 - Internet Media
61200000-03-00 - Internet Media (BENT EL)
Page
14
of
39
$ (22,451.77)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61200000-04-00 - ACW Air Conditioning . Advertising (ACW)
61201000-01-00 - Air Conditioning . Internet Media . DR
61200001-04-00 - ACW Air Conditioning. Advertisisng
$ (12,976.80)
__________________
Total 612 - Advertings & Media . Online
$ (35,428.57)
-------------
613 - Advertising & Media . Wholesale
61300000-01-00 - Promotion . General
$ (32,162.19)
61301000-01-01 - Oreck . Distributor
61302100-01-01 - Air Conditioning . Distributor
61302000-01-02 - Oreck . Wholesale
$ (4,158.25)
61302200-01-02 - Air Conditioning . Wholesale
61300500-01-07 - Oreck . International
61304000-01-07 - Oreck . Germany
61300000-02-00 - Promotion . General (ADI)
61302000-02-02 - Promotion . Air Conditioning
61300000-03-00 - Promotion . General (BENT EL)
61301000-03-01 - Promotion Comfort Furnance (BENT EL)
61302000-03-02 - Promotion Comfort Furnance (BENT EL)
61300000-04-00 - Advertising & Media (ACW)
$ (10,386.57)
__________________
Total 613 - Advertising & Media . Wholesale
$ (46,707.01)
-------------
614 - Advertising & Media . Instore Demo
61400000-01-02 - Roadshow
$ (107.41)
61400000-02-02 - Road Shows (ADI)
61400000-03-02 - Roadshow (Bentel)
__________________
Total 614 - Advertising & Media . Instore Demo
$ (107.41)
-------------
615 - Advertising & Media . Retail
Page
15
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61500000-01-05 - Oreck . WPG
$ (46,744.96)
61500300-01-05 - Infrared Heater . WPG
61500200-01-05 - Air Conditioning . WPG
61500000-02-05 - Retail . Air Conditioning . WPG (ADI)
61500000-03-05 - Retail . Comfort Furnance . WPG (Bentel)
__________________
Total 615 - Advertising & Media . Retail
$ (46,744.96)
-------------
616 - Advertising & Media . Commerical
61600000-01-00 - Oreck . Commercial
__________________
Total 616 - Advertising & Media . Commerical
-------------
617 - Trade Show
61700000-01-00 - T rade Show
61701000-01-01 - T rade Show . Distributor
61202000-01-02 - T rade Show . Wholesale
$ (18,275.81)
61203000-01-03 - T rade Show . Direct Response
61204000-01-04 - T rade Shows Call Centre
61205000-01-06 - T rade Show . International
61700000-02-00 - T rade Show (ADI)
61202000-02-02 - T rade Shows . Wholesale (ADI)
61204000-02-04 - T rade Shows Inside Sales Center (ADI)
61700000-03-00 - T radeshows (BENT EL)
61202000-03-02 - T radeshows . Wholesale (BENT EL)
61700000-04-00 - T rade Shows (ACW)
$ (836.00)
$ (8,813.21)
__________________
Total 617 - Trade Show
$ (27,925.02)
-------------
618 - National Retail Program Incentives
61800010-01-01 - Costco . Air Purifiers
Page
16
of
39
$ (77,331.00)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61800020-01-01 - Costco . Vacuums
61800100-01-02 - Infra Red Heaters
61800200-01-02 - Air Conditioning
61800300-01-02 - Customer Discounts . All Programs
$ (269,932.10)
61800000-02-00 - Product Development (ADI)
61800000-03-00 - Product Development (BENT EL)
61800000-02-03 - Product Development . DR (ADI)
61800000-03-03 - Product Development . DR (BENT EL)
61800100-04-02 - Vendor Discounts (ACW)
$ (26,980.95)
61800400-04-02 - Vendor Discounts . ShopNBC (ACW)
__________________
Total 618 - National Retail Program Incentives
$ (374,244.05)
-------------
__________________
Total 600 - Avertising & Media
$ (1,030,014.83)
-------------
620 - Bad Debts & Collection Agency Fees
621 - Bad Debts & Collection Fees
62100000-01-00 - Uncollectible
$ 640.38
62100000-02-00 - Uncollectible (ADI)
62100000-03-00 - Uncollectible (BENTEL)
62100100-01-00 - Bad Debts Expense
$ (98,868.74)
62100100-02-00 - Bad Debts Expense (ADI)
$ (12,641.21)
62100100-03-00 - Bad Debts Expense (Bentel)
62100100-04-00 - Bad Debts Expense (ACW)
$ 2,853.72
62100000-04-00 - Uncollectible (ACW)
__________________
Total 621 - Bad Debts & Collection Fees
$ (108,015.85)
-------------
622 - Collection Agency Fees
62200000-01-00 - Collection Agency Fees
Page
17
of
39
$ (5,350.92)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
62200000-02-00 - Collection Agency Fees (ADI)
62200000-03-00 - Collection Agency Fees (BENT EL)
__________________
Total 622 - Collection Agency Fees
$ (5,350.92)
-------------
__________________
Total 620 - Bad Debts & Collection Agency Fees
$ (113,366.77)
-------------
630 - Office & Adminstration
631 - 657 & 659 Century St. WPG . MB
63100000-01-00 - Rent
$ (55,750.86)
63101000-01-00 - CAM & Business T axes
$ (42,357.49)
63102000-01-00 - Insurance
$ (23,002.97)
63103000-01-00 - Utilities & Security
$ (30,949.32)
63104000-01-00 - Repairs & Maintenance Costs
$ (536.65)
63105000-01-00 - Cleaning & Garbage Disposal
$ (16,012.88)
__________________
Total 631 - 657 & 659 Century St. WPG . MB
$ (168,610.17)
-------------
632 - 6 Caesar Place . NJ
63200000-04-00 - Rent (ACW)
63201000-04-00 - CAM & Business T axes (ACW)
63202000-04-00 - Insurance (ACW)
63203000-04-00 - Utilities & Security (ACW)
63204000-04-00 - Repairs & Maintenance (ACW)
$ (21,350.39)
$ (936.38)
$ (66.36)
__________________
Total 632 - 6 Caesar Place . NJ
$ (22,353.13)
-------------
634 - 7780 Markham . ON
__________________
Page
18
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
Total 634 - 7780 Markham . ON
-------------
635 - Office & Administration
63500000-01-00 - Office Supplies
$ (28,446.27)
63500000-04-00 - Office Supplies (ACW)
63501000-01-00 - Kitchen & T oiletry Supplies
63504000-01-00 - Mobile Phones
$ (7,368.49)
$ (14,235.69)
63504000-04-00 - Mobile Phones (ACW)
$ (1,034.72)
63502000-01-00 - Equipment Lease
$ (1,399.37)
63500001-04-00 - Office Supplies (ACW, Finance )
$ (5,208.38)
63504001-04-00 - Mobile Phones (ACW, Finance )
$ 120.00
__________________
Total 635 - Office & Administration
$ (57,572.92)
-------------
636 - IT Support Services
63600000-01-00 - IT Infrastructure Service
$ (3,131.00)
63601000-01-00 - SAP Licence Fees & Support
$ (7,759.28)
63600000-04-00 - IT Infrastructure Service (ACW)
63600050-01-00 - EDI Service Provider Charges
__________________
Total 636 - IT Support Services
$ (10,890.28)
-------------
637 - Donations . Memberships . Other
63701000-01-00 - Entertainment
63702000-01-00 - Dues & Subscriptions
$ (30,127.12)
63703000-01-00 - Donations
$ (11,700.00)
63707000-01-00 - Auto
$ (590.40)
__________________
Total 637 - Donations . Memberships . Other
$ (42,417.52)
-------------
Page
19
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
__________________
Total 630 - Office & Adminstration
$ (301,844.02)
-------------
640 - Professional Fees
641 - Professional Fees
64000000-00-00 - Legal & Accounting (Arbaco Ltd)
64000000-01-00 - Legal & Accounting
$ (87,311.19)
64000000-02-00 - Legal & Accounting (ADI)
64000000-03-00 - Legal & Accounting (Bentel)
64000000-04-00 - Legal & Accounting (ACW)
__________________
Total 641 - Professional Fees
$ (87,311.19)
-------------
__________________
Total 640 - Professional Fees
$ (87,311.19)
-------------
650 - Salaries . Wages . Benefits
651 - Salaries . Benefits
65100000-01-00 - Wages . Benefits - Finance & Admin
$ (169,793.51)
65100000-01-01 - Wages . Benefits - Distributor
$ (268,681.75)
65100000-01-02 - Wages . Benefits - Wholesale Sales
$ (179,253.35)
65100000-01-03 - Wages . Benefits - Marketing & Media
65100000-01-04 - Wages . Benefits - Call Centre
$ (56,625.88)
$ (189,887.56)
65100000-01-05 - Wages . Benefits - Retail Store Sales . MB
$ (76,051.16)
65100000-01-06 - Wages . Benefits - Commercial Sales
$ (30,879.08)
65100000-01-07 - Wages . Benefits - International Sales
65100000-01-08 - Wages . Benefits - Parts & Service
65100000-01-09 - Wages . Benefits - Shipping & Recieving
65100000-04-00 - Wages . Benefits - Finance & Admin (ACW)
65100000-04-02 - Wages . Benefits - Wholesale Sales (ACW)
Page
20
of
39
$ (68,513.06)
$ (105,079.61)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
65100000-04-09 - Wages . Benefits - Shipping & Receiving (ACW)
65100001-04-02 - Wages. Benefists - Wholesale Sales (ACW, Wholesale )
$ (51,339.43)
65100001-04-09 - Wages. Benefits - Shipping & Receiving (ACW, Shipping )
$ (80,413.38)
__________________
Total 651 - Salaries . Benefits
$ (1,276,517.77)
-------------
652 - Professional Development . Training . Conferences
65200000-01-00 - Professional Development . Training . Conferences
$ (110.00)
__________________
Total 652 - Professional Development . Training . Conferences
$ (110.00)
-------------
__________________
Total 650 - Salaries . Wages . Benefits
$ (1,276,627.77)
-------------
660 - Sales Commissions & Incentives
66000000-01-01 - Commission - Distribution
$ (24,019.03)
66000000-01-02 - Commission - Wholesale Sales
$ (55,810.52)
66000000-01-04 - Commission - Call Centre
$ (9,203.75)
66000000-01-03 - Commission - Marketing & Media
66000000-01-05 - Commission - Retail Sales
$ (9,056.10)
66000000-01-06 - Commission - Commercial Sales
$ (6,512.03)
66000000-01-07 - Commission - International Sales
66000000-01-08 - Commission - Parts & Service
66000000-01-09 - Commission - Shipping & Receiving
66010000-01-00 - Holiday Bonus & Corporate Events
66010000-04-00 - Holiday Bonus & Corporate Events (ACW)
66000000-04-00 - Commission Wholesale (ACW)
66000000-04-03 - Commission Direct Response (ACW)
66010001-04-00 - Holiday Bonus & Events (ACW)
66000001-04-02 - Commission Direct Response (ACW)
__________________
Total 660 - Sales Commissions & Incentives
Page
21
of
39
$ (104,601.43)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
-------------
670 - Travel & Entertainment
671 - Travel Expense . Wholesale
67100000-01-01 - Cohen Ben
$ (37,024.73)
67100000-01-02 - Nudler Javier
67101000-01-02 - Hofman Javier
67102000-01-02 - Guakil Alberto
$ (1,808.26)
67103000-01-02 - Forsythe Brian
67104000-01-02 - McNally Elizabeth
67105000-01-02 - Sladek Sean
67108000-01-02 - Glen Melnyk (AXE)
67106000-04-02 - Forsyth Brian (ACW)
67108000-04-02 - Melnyk Glen (ACW)
67107000-04-02 - Ross Gary
67100096-04-02 - T im Enarson (ACW)
67100097-04-02 - Saume Mony (ACW)
67109000-01-06 - Harper Karen
$ (1,584.60)
67100099-01-08 - White Sandra
67100098-01-02 - Lapchik Aby
67106001-04-02 - Forsyth Brian (ACW)
67108001-04-02 - Melnyk Glen (ACW)
67107001-04-02 - Ross Gary (ACW)
67100098-04-02 - Saume Mony (ACW)
__________________
Total 671 - Travel Expense . Wholesale
$ (40,417.59)
-------------
672 - Meal Expenses . Wholesale
67201000-01-01 - Ben Cohen
$ (13,325.66)
67203000-01-02 - Nudler Javier
67202000-01-02 - Hofman Javier
67204000-01-02 - Guakil Alberto
$ (1,006.37)
67200000-01-02 - Forsythe Brian
Page
22
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
67201000-01-02 - McNally Elizabeth
67200000-01-03 - Hayward Justine
67200000-01-07 - LeFlour Alec
67200000-01-04 - Wholesale
67201000-01-07 - International
67205000-01-02 - Sladek Sean
67206000-01-06 - Karen Harper
$ (5,792.70)
67200098-01-02 - Lapchik Aby
67200099-01-08 - White Sandra
67200097-04-02 - Saume Mony (ACW)
67200096-04-02 - T im Enarson (ACW)
$ (1,607.22)
__________________
Total 672 - Meal Expenses . Wholesale
$ (21,731.95)
-------------
673 - Travel Expenses . Other
67300000-01-00 - Finance & Admin
67300000-01-02 - Wholesale
$ (1,965.75)
$ (11,515.62)
67300000-01-03 - Marketing & Media
67302000-01-04 - Commercial
67301000-01-07 - International
67301000-01-03 - Hayward Justine
67300000-01-04 - Shane Viktorija
67301000-01-04 - Shane Dan
67300000-01-07 - LeFlour Alec
__________________
Total 673 - Travel Expenses . Other
$ (13,481.37)
-------------
674 - Meal Expenses . Other
67400000-01-00 - Finance & Admin
$ (1,035.88)
67400000-01-01 - Distributor
67400000-01-02 - Wholesale
$ (1,570.38)
67400000-01-03 - Marketing & Media
67401000-01-04 - Commercial
Page
23
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
67400000-01-07 - International
67400000-01-04 - Shane Dan
__________________
Total 674 - Meal Expenses . Other
$ (2,606.26)
-------------
__________________
Total 670 - Travel & Entertainment
$ (78,237.17)
-------------
680 - Frieght Out
681 - Frieght . Out
68100000-01-01 - Frieght Out . Distributor
$ (35,499.06)
68100000-01-02 - Frieght Out . Wholesale
$ (307,635.09)
68100000-01-03 - Frieght Out . DR
$ (75,107.09)
63503000-01-03 - Postage . Canada Post
$ (103,430.77)
68100000-01-00 - Frieght Out . USA
68101000-01-01 - Frieght Out . USA . Distributor
68101000-01-02 - Frieght Out . Wholesale
68100000-01-06 - Frieght Out . Commercial
68100000-02-01 - Frieght Out . Distributor (ADI)
68100000-02-02 - Frieght Out . Wholesale (ADI)
68100000-02-03 - Frieght Out . DR (ADI)
68100000-03-01 - Frieght Out . Distributor (BENTEL)
68100000-03-02 - Frieght Out . Wholesale (BENTEL)
68100000-03-03 - Frieght Out . DR (BENTEL)
68100000-03-04 - Frieght Out . Call Centre (BENT EL)
68100000-03-05 - Frieght Out . Retail (BENT EL)
68120000-01-00 - Air Conditioning
68120010-01-02 - Air Conditioning . Wholesale
68120010-01-03 - Air Conditioning . DR
68130010-01-00 - ACW Heaters
68130010-01-02 - ACW Heaters . Wholesale
68130010-01-03 - ACW Heater . DR
68100000-04-02 - Frieght Out . Wholesale (ACW)
Page
24
of
39
$ (79,797.17)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
__________________
Total 681 - Frieght . Out
$ (601,469.18)
-------------
682 - Frieght . Product Returns
68200000-01-01 - Returns . Oreck . Distributor
$ (42,306.42)
68200000-01-02 - Returns . Oreck . Wholesale
$ (33,429.85)
68200000-01-06 - Returns . Oreck . Commercial
68200000-01-03 - Returns . Oreck . DR
$ (1,989.29)
68220000-01-00 - Returns . Air Conidioning
68220000-01-02 - Returns . Air Conditioning . Wholesale
68220000-01-03 - Returns . Air Conditioning . DR
68200000-02-00 - Returns . Other (ADI)
68200000-02-01 - Returns (ADI . Distributor)
68200000-02-02 - Returns (ADI . Wholesale)
68200000-02-03 - Returns (ADI . DR)
$ (111.86)
68200000-03-01 - Returns . Heaters (Bentel . Distributor)
68200000-03-02 - Returns . Heaters (Bentel . Wholesale)
68200000-03-03 - Returns . Heaters (Bentel . DR)
68200000-04-02 - Returns (ACW, Wholesale )
$ (13,355.73)
68200010-01-00 - Returns . ACW Heaters
68200020-01-02 - Returns . ACW Heaters . Wholesale
68200020-01-03 - Returns . ACW Heaters . DR
__________________
Total 682 - Frieght . Product Returns
$ (91,193.15)
-------------
683 - Frieght . Stock Rebalancing
68300000-01-00 - Freight . Stock Rebalancing
$ (6,400.31)
68300000-02-00 - Freight . Stock Rebalancing (ADI)
66000000-03-00 - Freight . Stock Rebalancing (BENTEL)
68300000-04-00 - Frieght . Stock Rebalancing (ACW)
$ (3,787.03)
68309900-01-00 - Shop Supplies & Service
$ (6,577.54)
68309900-02-00 - Shop Supplies & Service (ADI)
__________________
Page
25
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
Total 683 - Frieght . Stock Rebalancing
$ (16,764.88)
-------------
__________________
Total 680 - Frieght Out
$ (709,427.21)
-------------
690 - Warehousing
69000000-01-00 - 3RD Party Storage
$ (4,872.59)
69010000-01-00 - Lease . 1300 St. James
69000000-02-00 - 3RD Party Storage (ADI)
69000000-03-00 - 3RD Party Storage (BENTEL)
69000000-04-00 - 3RD Party Storage (ACW)
692 - 1550 Holladay Rd . TN
69200000-04-00 - Rent (ACW)
69200200-04-00 - CAM & Business T axes (ACW)
69200300-04-00 - Insurance (ACW)
69200400-04-00 - Utilities & Security (ACW)
69200500-04-00 - Repairs & Maintenance (ACW)
69200600-04-00 - Cleaning & Garbage (ACW)
69200001-04-00 - Rent (ACW, Finance )
$ (32,315.54)
69200201-04-00 - CAM & Business T axes (ACW, Finance )
69200301-04-00 - Insurance (ACW, Finance )
69200401-04-00 - Utilities & Security (ACW, Finance )
$ (12,264.83)
69200501-04-00 - Repairs & Maintenance (ACW, Finance )
69200601-04-00 - Cleaning & Garbage (ACW, Finance )
__________________
Total 692 - 1550 Holladay Rd . TN
$ (44,580.37)
-------------
693 - 1300 St. James Street
69300100-01-00 - Rent
$ (188,824.71)
69300200-01-00 - Cam & Business T axes
69300300-01-00 - Insurance
Page
26
of
$ (54,250.00)
$ (3,181.55)
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
69300400-01-00 - Utilitities & Security
$ (4,608.70)
69300500-01-00 - Repair & Maintenance
$ (8,081.14)
69300600-01-00 - Cleaning & Garbage disposal
$ (3,848.14)
__________________
Total 693 - 1300 St. James Street
$ (262,794.24)
-------------
699999999 - Legacy Accounts . Not In Use .
61100003-02-03 - Advertising Plasma DR (ADI PF, DR)
61100004-02-00 - Advertising Stereo (PF, Finance)
61100012-02-00 - Advertising Amana (PF.ADI, Finance)
61100015-03-00 - Advertising H-Man (BENTEL LP, Finance)
61100017-02-00 - Advertising Cosmetics (PF.ADI, Finance)
61100016-02-00 - Advertising Cutter & Blades (PF.ADI, Finance)
61300010-03-00 - (Inactive)Order Fulfillment & Storage (BENT EL LP, Finance)
62200030-01-00 - (Inactive)OCO (Oreck, Finance)
62100021-01-00 - (Inactive) IT Infrastructure (Oreck, Finance)
62100025-01-00 - (Inactive) DR Phone Support & Lease (Oreck, Finance)
62100030-01-00 - (Inactive) SAP License Fees & Support (Oreck, Finance)
62000005-01-00 - (Inactive)Warehouse Supplies (Oreck, Finance)
61400003-02-00 - Commission Arbaco Direct (PF, Finance)
61400004-01-00 - Overtime (Oreck, Finance)
61400004-01-01 - Overtime -D (Oreck, Distributr)
61400004-01-02 - Overtime -W (Oreck, Wholesale)
61400004-01-03 - Overtime -DR (Oreck, DR)
61400004-01-05 - Overtime -R (Oreck, Retail)
61400004-01-04 - Overtime -CC (Oreck, CallCentre)
61400004-01-06 - Overtime - CL (Oreck, Commercial)
61400002-02-00 - Wages Arbaco (PF, Finance)
61400004-01-07 - Overtime - I (Oreck, International)
61400005-01-00 - Bonus (Oreck, Finance)
61400005-01-01 - Bonus -D (Oreck, Distributr)
61400005-01-02 - Bonus - W (Oreck, Wholesale)
61400005-01-03 - Bonus -DR (Oreck, DR)
61400005-01-04 - Bonus - C (Oreck, CallCentre)
61400005-01-05 - Bonus -R (Oreck, Retail)
Page
27
of
39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61400005-01-06 - Bonus - CL (Oreck, Commercial)
61400005-01-07 - Bonus - I (Oreck, International)
61400006-01-00 - Consulting Fee (Oreck, Finance)
61400006-02-00 - Consulting Fee (PF, Finance)
61400007-01-00 - Vacation Pay (Oreck, Finance)
61400007-01-01 - Vacation Pay -D (Oreck, Distributr)
61400007-01-02 - Vacation Pay -W (Oreck, Wholesale)
61400007-01-03 - Vacation Pay -DR (Oreck, DR)
61400007-01-04 - Vacation Pay -C (Oreck, CallCentre)
61400007-01-05 - Vacation Pay -R (Oreck, Retail)
61400007-01-06 - Vacation Paid - CL (Oreck, Commercial)
61400007-01-07 - Vacation Paid - I (Oreck, Internatlonal)
61400008-01-00 - Group Insurance (Oreck, Finance)
61400008-01-01 - Group Insurance (Oreck, Distributr)
61400008-01-02 - Group Insurance (Oreck, Wholesale)
61400008-01-03 - Group Insurance (Oreck, DR)
61400008-01-04 - Group Insurance (Oreck, CallCentre)
61400008-01-05 - Group Insurance (Oreck, Retail)
61400008-01-06 - Group Insurance - CL (Oreck, Commercial)
61400002-01-09 - Wages Arbaco Shipping (PF, Finance)
61400010-01-00 - CPP - Employer Expense (Oreck, Finance)
61400010-01-01 - CPP -Employer Expense (Oreck, Distributr)
61400010-01-03 - CPP -Employer Expense (Oreck, DR)
61400010-01-02 - CPP -Employer Expense (Oreck, Wholesale)
61400010-01-04 - CPP -Employer Expense (Oreck, CallCentre)
61400010-01-05 - CPP -Employer Expense (Oreck, Retail)
61400010-01-06 - CPP - Employer Expense (Oreck, Commerical)
61400010-01-07 - CPP - Employer Expense (Oreck, Internatlonal)
61400011-01-00 - EI - Employer Expense (Oreck, Finance)
61400011-01-01 - EI -Employer Expense (Oreck, Distributr)
61400011-01-03 - EI -Employer Expense (Oreck, DR)
61400011-01-02 - EI -Employer Expense (Oreck, Wholesale)
61400011-01-04 - EI -Employer Expense (Oreck, CallCentre)
61400011-01-05 - EI -Employer Expense (Oreck, Retail)
61400011-01-06 - EI - Employer Expense (Oreck, Commercial)
61400013-01-00 - Casual Labor (Oreck, Finance)
61400050-01-00 - Staff Promotion / Incentives (Oreck, Finance)
Page
28
of
39
$ (7,661.73)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61400050-01-02 - Staff Promotion / Incentives W (Oreck, Wholesale)
61400050-01-04 - Staff Promotion / Incentives CC (Oreck, CallCentre)
61400050-01-05 - Staff Promotion / Incentives R (Oreck, Retail)
61400050-01-07 - Staff Promotion / Incentives Intl (Oreck, Internatl)
61400060-01-01 - Staff T raining & Seminars -Distrib (Oreck, Distributr)
61400060-01-02 - Staff T raining & Seminars -W (Oreck, Wholesale)
61400100-01-00 - Management & Director Fees (Oreck, Finance)
61400100-02-00 - Management & Director Fees (ADI, Finance)
61400100-03-00 - Management & Director Fees (BENT EL LP, Finance)
61400014-01-00 - Wages/Benefits Oreck (Oreck, Finance)
61400050-01-01 - Staff Promotion / Incentives D (Oreck, Distributr)
61400050-01-03 - Staff Promotion / Incentives DR (Oreck, DR)
61400050-01-06 - Staff Promotion / Incentives Comm (Oreck, Commercial)
61400008-01-07 - Group Insurance I (Oreck, International)
61400011-01-07 - EI - Employer Expense (Oreck, International)
61400040-01-00 - Pension Plan Expense (Oreck, Finance)
61400060-01-03 - Staff T raining & Seminars-DR (Oreck, DR)
61300010-02-00 - (Inactive)Order Fullfillment & Storage (PF, Finance)
61300010-01-00 - (Inactive)Order Fulfillment & Storage (Oreck, Finance)
61500006-01-01 - Misc.T ravel -D (Oreck, Distributr)
61500002-01-00 - Hotel (Oreck, Finance)
61500003-01-00 - Meals & Entertainment (Oreck, Finance)
61500003-01-01 - Meals & Ent.-D (Oreck, Distributr)
61500003-01-03 - Meals & Ent.-DR (Oreck, DR)
61500030-01-00 - Meals & Ent. -R (Oreck, Retail)
61500004-01-00 - Car Rental (Oreck, Finance)
61500004-01-03 - Car Rental -DR (Oreck, DR)
61500004-01-01 - Car Rental -D (Oreck, Distributr)
61500004-01-07 - Car Rental - Intl (Oreck, Internatl)
61500005-01-00 - Car & T ravel Allowance / Gas (Oreck, Finance)
61500006-01-00 - Miscellaneous T ravel (Oreck, Finance)
61500006-01-03 - Misc.T ravel -DR (Oreck, DR)
61500006-01-05 - Misc.T ravel -R (Oreck, Retail)
61500006-01-04 - Misc.T ravel -C (Oreck, CallCentre)
61500006-01-07 - Misc.T ravel - Intl (Oreck, Internatl)
61500001-02-00 - Airfare (PF, Finance)
61500001-02-01 - Airfare -D (ADI PF, Distributr)
Page
29
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39
$ (562.50)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61500001-02-02 - Airfare -W (ADI PF, Wholesale)
61500001-02-03 - Airfare -DR (ADI PF, DR)
61500001-02-04 - Airfare -C (ADI PF, CallCentre)
61500002-02-01 - Hotel -D (ADI PF, Distributr)
61500003-02-02 - Meals & Ent. -W (ADI PF, Wholesale)
61500002-02-00 - Hotel (PF, Finance)
61500002-02-02 - Hotel -W (ADI PF, Wholesale)
61500002-02-03 - Hotel -DR (ADI PF, DR)
61500002-02-04 - Hotel -C (ADI PF, CallCentre)
61500003-02-00 - Meals & Entertainment (PF, Finance)
61500003-02-01 - Meals & Ent. -D (ADI PF, Distributr)
61500003-02-03 - Meals & Ent. -DR (ADI PF, DR)
61500003-02-04 - Meals & Ent -C (ADI PF, CallCentre)
61500004-02-00 - Car Rental (PF, Finance)
61500004-02-01 - Car Rental -D (ADI PF, Distributr)
61500004-02-02 - Car Rental -W (ADI PF, Wholesale)
61500004-02-04 - Car Rental -C (ADI PF, CallCentre)
61500004-02-03 - Car Rental -DR (ADI PF, DR)
61500005-02-00 - Car & T ravel Allowance / Gas (ADI, Finance)
61500006-02-00 - Miscellaneous T ravel (PF, Finance)
61500006-02-01 - Misc.T ravel -D (ADI PF, Distributr)
61500006-02-02 - Misc.T ravel -W (ADI PF, Wholesale)
61500006-02-03 - Misc.T ravel -DR (ADI PF, DR)
61500006-02-04 - Misc.T ravel -C (ADI PF, CallCentre)
61500101-01-01 - (Inactive)Travel General (Oreck, Distributr)
61500001-03-00 - AirFare (Bentel/ADI LP)
61500002-03-00 - Hotel (Bentel ADI LP)
61500003-03-00 - Meals & Entertainment (BENTEL LP, Finance)
61500004-03-00 - Car Rental (BENTEL LP, Finance)
61500005-03-00 - Auto Allowance / Gas (BENT EL LP, Finance)
61600005-01-00 - (Inactive)Cell Phone (Oreck, Finance) see "Mobile"
61100003-01-00 - Advertising Floor Care (Oreck, Finance)
61100005-01-00 - Advertising Oreck USA (Oreck, Finance)
61100005-02-00 - Advertising Plasma USA (PF, Finance)
61100006-02-00 - Advertising - New Business Development (PF, Finance)
61100002-02-00 - Advertising PF USA (PF, Finance)
61100015-02-00 - Advertising InteliTrap (PF.ADI, Finance)
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30
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39
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61600002-01-00 - DSL Phoneline (Oreck, Finance)
61600004-01-00 - PRI, Service Charges (Oreck, Finance)
61600007-01-00 - MTS Directory Advertising (Oreck, Finance)
61600001-03-00 - T oll Free & Local Phone Lines (BENTEL LP, Finance)
61200002-01-00 - Promotion US (Oreck, Finance)
61200002-01-04 - Promotion US (Oreck, CallCentre)
61200002-01-01 - Promotion US (Oreck, Distributr)
61200002-01-02 - Promotion US (Oreck, Wholesale)
61200002-01-03 - Promotion US (Oreck, DR)
61200017-02-00 - Promotion Cosmetics (ADI, Finance)
61200015-02-00 - Promotion IntelliTrap (ADI, Finance)
61200001-03-07 - Promotion BT -Intl (BENT EL LP, Internatl)
61200002-02-00 - Promotion US (PF, Finance)
61200002-02-02 - Promotion US (ADI PF, Wholesale)
61200002-02-01 - Promotion US (ADI PF, Distributr)
61200002-02-03 - Promotion US (ADI PF, DR)
61200002-02-04 - Promotion US (ADI PF, CallCentre)
61200005-02-01 - T rade Shows D (ADI PF, Distributr)
61200001-02-03 - Promotion (ADI PF, DR)
61200005-02-03 - T rade Shows (ADI PF, DR)
61200005-03-01 - T radeshows D (BENT EL LP, Distributr)
65000001-01-00 - Production Development Costs (Oreck, Finance)
65000001-02-00 - Production Development Costs (ADI.PF, Finance)
65000001-03-00 - Production Development (BENT EL, Finance)
62200020-01-00 - Repairs & Maintenance (Oreck, Finance)-DNU
62400001-01-00 - Electricity (Oreck, Finance)
62400001-02-00 - Electricity (ADI, Finance)
62400002-01-00 - Hydro (Oreck, Finance)
62400002-02-00 - Hydro (ADI, Finance)
62200040-02-00 - Donations (ADI PF, Finance)
61300100-01-00 - (Inactive)Postage (Oreck, Finance)
61300100-02-00 - (Inactive)Postage (ADI PF, Finance)
61300100-03-00 - (Inactive)Postage (BENT EL LP, Finance)
62000003-03-00 - Shop Supplies & Service (BENT EL LP, Finance)
61600003-01-00 - Long Distance (Oreck, Finance)
61600006-01-00 - Calling Card (Oreck, Finance)
61600009-01-00 - T elephone Maintenance (Oreck, Finance)
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Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
61600008-02-00 - Call Centre Services (ADI.PF, Finance)
61600008-03-00 - Call Centre Services (BENTEL LP, Finance)
65101000-01-00 - Wokers Compensation Fees
65102000-01-00 - Payroll T axes
63700000-01-00 - Miscellaneous
63700000-02-00 - Miscellaneous
63700000-03-00 - Miscellaneous
63700400-01-00 - Warranty (Oreck, Finance)
63700400-02-00 - Warranty (PF, Finance)
63700400-03-00 - Warranty (BENT EL LP, Finance)
63708000-01-00 - American Comfort USA Expenses (Oreck, Finance)
63799999-01-00 - Payroll Service Fee
63708100-01-00 - American Comfort Distrib.CDA Expenses (Oreck, Finance)
63707020-01-00 - Car Insurance (Oreck, Finance)
63707030-01-00 - Gas - Vehicle (Oreck, Finance)
63707010-01-00 - Auto Repairs & Maintenance (Oreck, Finance)
63702000-00-00 - Dues & Subscriptions
63702000-02-00 - Dues & Subscriptions
63507000-01-00 - Late Fees
63505000-01-00 - Other Administrative
63505000-02-00 - Other Adminstrative (ADI)
63505000-03-00 - Other Administrative (ADI)
68101000-02-03 - Frieght Out . DR (ADI)
68101000-02-00 - Frieght Out . USA (ADI)
68101000-02-01 - Frieght Out . USA . Distributor (ADI)
68101000-02-02 - Frieght Out . USA . Wholesale (ADI)
61501000-01-00 - Retail . Oreck . WPG
61303000-01-04 - Promotion (Oreck, CallCentre) mmm
61301000-02-01 - Promotion . Distributor mmm
61303000-02-04 - Promotion Call centre mm
61200001-02-05 - Promotion (ADI PF, Retail) mm
61303000-03-04 - Promotion BT -CC (BENT EL LP, CallCentre) mm
68100000-03-00 - Frieght Out (BENTEL)
63709000-01-01 - Qcard . Distribution Only
__________________
Total 699999999 - Legacy Accounts . Not In Use .
$ (8,224.23)
-------------
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Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
__________________
Total 690 - Warehousing
$ (320,471.43)
-------------
695 - Royalty Payments
__________________
Total Expenses
$ (4,021,901.82)
__________________
Operating Profit
$ (3,789,830.76)
Financing
700 - Foriegn Currency Revaluation
710 - Realized FX (Gain) Loss
70000000-01-00 - Realized FX (Gain) Loss
$ (95,431.47)
70010000-01-00 - Realized FX (Gain) Loss
$ (712.50)
70000000-02-00 - Realized FX (Gain) Loss (ADI)
70010000-02-00 - Realized FX (Gain) Loss (ADI)
70000000-03-00 - Realized FX (Gain) Loss (Bentel)
$ (1.08)
70000000-04-00 - Realized FX (Gain) Loss (ACW)
70000001-04-00 - Realized FX (Gain) Loss (ACW)
$ 23,238.80
__________________
Total 710 - Realized FX (Gain) Loss
$ (72,906.25)
-------------
720 - Unrealized FX (Gain) Loss
72000000-01-00 - Unrealized FX (Gain) Loss
$ 13.31
72000000-02-00 - Unrealized FX (Gain) Loss (ADI)
72000000-04-00 - Unrealized FX (Gain) Loss (ACW)
__________________
Total 720 - Unrealized FX (Gain) Loss
$ 13.31
-------------
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Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
730 - Discounts & Rounding Adjustments
73000000-01-00 - Rounding
$ 70.37
73000000-02-00 - Rounding (ADI)
$ (0.14)
73000000-03-00 - Rounding (Bentel)
73000000-04-00 - Rounding (ACW)
$ 149.42
$ (2,606.18)
73020000-01-00 - Discounts Earned
73020000-02-00 - Discounts Earned (ADI)
73010000-01-00 - Discounts Allowed
$ (109.75)
73010000-02-00 - Discounts Allowed (ADI)
73010000-03-00 - Discounts Allowed (Bentel)
73030000-01-00 - Over/under Payments Variance
71100004-01-00 - Over/Under Payments Variance
73030100-02-00 - Over/Under Payments Variance (ADI)
73030000-02-00 - Over/Under Payments Variance (ADI)
73030000-03-00 - Over/Under Payments Variance (BENT EL)
73010000-04-00 - Discounts Allowed (ACW)
__________________
Total 730 - Discounts & Rounding Adjustments
$ (2,496.28)
------------__________________
Total 700 - Foriegn Currency Revaluation
$ (75,389.22)
------------__________________
Total Financing
$ (75,389.22)
__________________
Profit After Financing Expenses
$ (3,865,219.98)
Other Revenue and Expenses
800 - Interest & Bank Charges
801 - Interest . Operating
80100000-01-00 - Interest RBC
$ (250,427.36)
80100000-02-00 - Interest RBC (ADI)
80100000-04-00 - Interest . VNB (ACW)
Page
34
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39
$ (2.97)
$ (56,430.54)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
__________________
Total 801 - Interest . Operating
$ (306,860.87)
-------------
802 - Interest . Long Term Debt
80200000-01-00 - Interest . BDC T erm Loan . 349441-03
80200100-01-00 - Interest . BDC T erm Loan . 349441-04
80200350-01-00 - Interest . BDC T erm Loan . 349441-05
80200300-01-00 - Interest . BDC T erm Loan . 349441-06
$ (15,865.77)
80200040-01-00 - Interest . BDC T erm Loan . 349441-07
$ (893.13)
80200200-01-00 - Interest . BDC Sub Debt . 038752-01
80200500-01-00 - Interest . Shareholder Loan
$ (5,000.00)
__________________
Total 802 - Interest . Long Term Debt
$ (21,758.90)
-------------
803 - Bank Charges & Service Fees
80300000-00-00 - Bank Charges (Arbaco Ltd.)
80300000-01-00 - Bank Charges
$ (37,517.08)
80300000-02-00 - Bank Charges (ADI)
$ (1,275.17)
80300000-03-00 - Bank Charges (BENT EL)
$ (5,672.93)
80300100-01-00 - RBC Express Fee
80300200-01-00 - Returned Cheques
80300200-02-00 - Returned Cheques (ADI)
80300200-03-00 - Returned Charges (BENTEL)
80300000-04-00 - Bank Charges . VNB (ACW)
$ (5,009.99)
__________________
Total 803 - Bank Charges & Service Fees
$ (49,475.17)
-------------
804 - Credit Card Merchant Fees
80400000-01-03 - Moneris
$ (33,653.27)
80400000-02-03 - Moneris (ADI)
$ (21,654.15)
80400000-03-00 - Moneris (BENT EL)
Page
35
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39
$ (400.00)
Continue
Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
80400000-04-00 - Moneris (ACW)
$ (11,866.88)
80400100-01-00 - AMEX
80400100-02-00 - AMEX (ADI)
80400200-01-00 - PayPal Fee
80400200-02-00 - PayPal Fee (ADI)
80400300-01-00 - Credit Card Chargebacks
80400300-02-00 - Credit Card Chargebacks (ADI)
80400300-03-00 - Credit Card Chargeback (BENTEL)
__________________
Total 804 - Credit Card Merchant Fees
$ (67,574.30)
-------------
805 - Credit Insurance Fees
80500000-01-00 - EDC . AR Insurance
$ (18,565.85)
80500000-02-00 - EDC . AR Insurance (ADI)
80500000-03-00 - EDC . AR Insurance (BENTEL)
80500000-04-00 - EDC . AR Insurance (ACW)
$ (8,012.25)
__________________
Total 805 - Credit Insurance Fees
$ (26,578.10)
-------------
806 - Life Insurance . Key Man
80600000-01-00 - Life Insurance . Key Man
__________________
Total 806 - Life Insurance . Key Man
-------------
__________________
Total 800 - Interest & Bank Charges
$ (472,247.34)
-------------
810 - Non-Recurring Items
81000000-01-00 - Non-Recurring Items
81000000-02-00 - Non-Recurring Items (ADI)
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Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
81000000-03-00 - Non-Recurring Items (Bentel)
81000000-04-00 - Non-Recurring Items (ACW)
__________________
Total 810 - Non-Recurring Items
-------------
820 - Amortization
82000000-00-00 - Amortization (Arbaco Ltd.)
82000000-01-00 - Amortization
82000000-04-00 - Amortization (ACW)
82000100-00-00 - Amortization . Intangibles (ARBACO Ltd)
82000100-02-00 - Amortization . Intangibles (ADI)
__________________
Total 820 - Amortization
-------------
830 - Corporate Income Taxes
83000000-00-00 - Corporate Income T axes (Arbaco Ltd)
83000000-01-00 - Corporate Income T axes
83000000-02-00 - Corporate Income T axes (ADI)
83000000-04-00 - Corporate Income T axes (ACW)
__________________
Total 830 - Corporate Income Taxes
-------------
840 - Management Fees - Intercompany
84000100-00-00 - Management Fees (T o) From AXE Houghton (Arbaco Ltd)
84000100-01-00 - Management Fees (T o) From Arbaco Ltd
84000200-01-00 - Management Fees (T o) From ADI
84000200-02-00 - Management Fees (T o) From AXE Houghton (ADI)
84000300-01-00 - Management Fees (T o) From Bentel
84000300-03-00 - Management Fees (T o) From AXE Houghton (Bentel)
84000400-01-00 - Management Fees (T o) From ACW
84000400-04-00 - Management Fees (T o) From AXE Houghton (ACW)
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39
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Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
84000600-01-00 - Management Fees (T o) From Fast America
84000700-01-00 - Management Fees (T o) From ACD
84000900-01-00 - Management Fees (T o) From CDI
84000800-01-00 - Management Fees (T o) From 631 MB LTD
84001000-02-00 - Management Fees (T o) From Bentel (ADI)
84001000-03-00 - Management Fees (T o) From ADI (Bentel)
84000500-04-00 - Management Fees (T o) From Fast America LLC (ACW)
84000500-01-00 - Managment fee from ACW (AXE, Finance )
84000501-01-00 - Managment fee from ACW (AXE, Finance )
__________________
Total 840 - Management Fees - Intercompany
-------------
84001100-01-00 - Management fees OCO (AXE, Finance )
850 - Dividend Income
85000100-00-00 - Dividend Income (Arbaco Ltd)
85000100-01-00 - Dividend Income
85000200-00-00 - Contra . Dividend Income (Arbaco Ltd)
85000200-01-00 - Contra . Dividend Income
85000200-02-00 - Contra . Dividend Income (ADI)
__________________
Total 850 - Dividend Income
-------------
870 - Departmental Overhead . Internal Only
87000000-01-01 - Distributor Overhead
87000100-01-02 - Wholesale Overhead
87000200-01-03 - Direct Response Overhead
87000300-01-04 - Inside Sales Centre Overhead
87000400-01-05 - WPG Retail Overhead
87000500-01-06 - Commercial Overhead
87000600-01-07 - International Overhead
87000700-01-00 - Contra . Departmental Overhead
__________________
Total 870 - Departmental Overhead . Internal Only
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Date
11/26/2014
Time
12:24PM
Profit and Loss Statement from Date 02/01/2014 To 10/31/2014
------------__________________
Total Other Revenue and Expenses
$ (472,247.34)
__________________
Profit Period
$ (4,337,467.32)
=============
Page
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Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.4. November 18, 2014 Demand Letter from Access
Capital, Inc.
Axe Houghton Group Inc. – Interim Report
PwC
23
VIA CERTIFIED MAIL.
RETURN RECEIPT REQUESTED
AND OVERNIGHT MAIL
November 1 8, 2014
American Comfort Worldwide 1..1...0
657 Century Street
Winnipeg, Manitoba
8311 01.9
Attn: Ben Cohen, President
Dear Mr. Cohen:
Reference is made to the Loan Attreement dated as or November 10, 2013 (together with
the Standard Terms and Conditions of Loan Agreement attached thereto, each as amended,
modified and supplemented from time to time, the "Loan Agreement") by and between
American Comfort Worldwide 1..1.0 (the "Company") and Access Capital, Inc. ("Access
Capital"). Capitalized terms not otherwise defined herein shall have the meanings set thrill in the
Loan Agreement.
Be advised that various Events of Default have occurred and are continuing under the
Loan Agreement, including, without limitation the Events of Default (the "Existing Defaults")
arising under Section 8(c) of thc Loan Agreement based on the Company's failure to make
interest payments to Access Capital on the unpaid principal balance of the Loan (Or the months
of July, August, September and Oetober of 2014 in an aggregate: amount equal to liSS60,981.21
(the "Past Due Interest Amount"). The Company is hereby notified that interest now accrues,
and has accrued since August 1, 2014, on the outstanding principal balance, of the Loan at the
default rate of interest set forth in Section 8(5) of the Loan Agreement.
Demand is hereby made that the Past Duc Interest Amount be paid by the Company to
Access Capital in immediately available funds not later than 2 pin (New York time) on
November 24, 20 l 4(the "Payment Date"). In the event thc Past Due Interest Amount is not so
received by Access Capital by the Payment Date, all Obligations shall become immediately duc
and payable without any further notice or any other action on the part of Access Capital and
Access Capital shall exercise its rights and remedies against thc Company and the Responsible
Parties under the Transaction Documents, including, without limitation. the right to draw under
the Letter of Credit.
Access Capital hereby reserves all of its rights and remedies under the Transaction
Documents and applicable law with respect to the Existing Defaults, and its election not to
heretofore exercise any such right or remedy shall not (a) limit in any manner whatsoever the
N Y I 3126911.1
2038874015S
Company's obligation to comply with, and Access Capital's right to insist on each Company's
compliance with, the Transaction Documents or(h) constitute a waiver of any Event of Delimit,
including, without limitation, the Existing Defaults, or any right or remedy available to Access
Capital under the Transaction Documents, any document, instrument or agreement entered into
in connection therewith or applicable law, all of which rights and remedies arc hereby expressly
reserved.
Sincerely,
ACCESS CAPITAL, INC.
By:
13cn Cohen
044 Queenston Bay
Winnipeg, Manitoba R3N 0Y2
(Via Certified Mail and Overnight Mail)
American Comfbrt Distribution Inc.
657 Century Street
Winnipeg, Manitoba R3H 01.9
Attention: Ben Cohen
(Via Certified Mail and Overnight Mail)
ARBACO Ltd.
657 Century Strcct
Winnipeg., Manitoba 831.1 01..0
Attention: Ben Cohen
(Via Certified Mail and Overnight Mail)
The Axe Houghton Group Inc.
657 Century Strcct
Winnipeg, Manitoba R311 01.9
Attention: Ben Cohen
(Via Certified Mail and Overnight Mail)
Bent& Direct
657 Century Street
Winnipeg, Manitoba R3H O1.,9
Attention: Ben Cohen
(Via Certified Mail and Overnight Mail)
NY1312690 1
20087- 10158
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.5. Company’s November 28, 2014 Cash Flow
Axe Houghton Group Inc. – Interim Report
PwC
24
Axe Houghton Group - Canadian Operations
(Note - receipts and disbursements occur through RBC Canadian accounts)
Week beginning:
Notes
Opening Balance
Receipts
Disbursements
Closing balance
1
17-Nov
24-Nov
45,500
11,000
(46,000)
10,500
1-Dec
8-Dec
10,500
75,000
(103,000)
(17,500)
(17,500)
106,000
(83,600)
4,900
4,900
73,000
(86,000)
(8,100)
25,000
15,000
5,000
15,000
-
20,000
15,000
10,000
45,000
30,000
70,000
10,000
30,000
3,000
3,000
3,000
2,000
3,000
6,000
13,000
8,000
3,000
6,000
24,000
10,000
11,000
30,000
3,000
6,000
10,000
8,000
9,000
36,000
11,000
75,000
(10,000)
(10,000)
(25,000)
(28,000)
(17,000)
(5,000)
(20,000)
(28,000)
(103,000)
-
15-Dec
22-Dec
(8,100)
106,000
(59,000)
38,900
38,900
44,000
(55,000)
27,900
15,000
30,000
45,000
15,000
-
3,000
6,000
10,000
10,000
43,000
3,000
6,000
35,000
8,000
9,000
61,000
106,000
73,000
(25,000)
(25,000)
29-Dec
5-Jan
12-Jan
19-Jan
26-Jan
Total
27,900
173,000
(113,600)
87,300
87,300
77,000
(149,250)
15,050
15,050
83,000
(55,000)
43,050
43,050
84,000
(93,000)
34,050
34,050
61,000
(50,000)
45,050
45,500
893,000
(893,450)
45,050
15,000
90,000
30,000
135,000
15,000
15,000
10,000
25,000
30,000
45,000
30,000
15,000
10,000
55,000
15,000
10,000
25,000
80,002
150,003
90,004
170,005
490,000
3,000
6,000
35,000
8,000
52,000
3,000
6,000
10,000
10,000
9,000
38,000
3,000
6,000
10,000
10,000
29,000
3,000
6,000
10,000
10,000
9,000
38,000
29,000
3,000
6,000
10,000
8,000
9,000
36,000
33,006
63,007
170,008
92,009
45,010
403,000
106,000
44,000
173,000
77,000
83,000
84,000
61,000
893,000
(25,000)
(28,000)
(13,000)
(5,000)
(25,000)
(19,000)
(5,000)
(28,000)
(12,000)
(5,000)
(30,000)
(28,000)
(11,250)
(5,000)
(25,000)
(16,000)
(5,000)
(30,000)
(28,000)
(13,000)
(5,000)
(18,600)
(68,600)
(71,000)
(49,000)
(45,000)
(20,000)
(25,000)
(5,000)
(18,600)
(35,000)
(103,600)
(74,250)
(46,000)
(76,000)
(10,000)
(5,000)
(35,000)
(50,000)
(205,000)
(140,000)
(161,250)
(45,000)
(37,200)
(98,000)
(686,450)
(15,000)
(15,000)
(15,000)
(15,000)
(10,000)
(10,000)
(10,000)
(10,000)
(10,000)
(10,000)
(65,000)
(10,000)
(75,000)
(9,000)
(9,000)
(17,000)
(17,000)
(83,600)
(86,000)
(59,000)
(55,000)
(113,600)
(149,250)
(55,000)
(93,000)
Receipts
AR Collections
Shopping Channel
Reconditioned Inventory
GST refund
Surplus Inventory
Total AR collections
2
3
4
5
-
15,000
Cash Collections
OCO
Retail store
misc ar
Call Center and web site
OPP
Total Cash Collections
6
7
8
9
10
Transfers in
TD USD
All Other
Total transfers in
Total Receipts
Disbursements
Inventory purchases
Payroll
Other operating costs
Contingency
63123281 MB Ltd - mortgage
RBC Interest and fees
Operating disbursements
Other
Source Deduction Arrears
Professional fees
RBC Loan Repayments
Total other
Transfers out (TD USD)
Total Disbursements
11
12
13
14
15
16
17
18
(26,000)
(26,000)
(46,000)
(103,000)
(50,000)
(64,983)
(121,982)
(186,965)
(893,450)
Axe Houghton Group - Canadian Operations
(Note - receipts and disbursements occur through RBC Canadian accounts)
Balance Sheet Accounts
Axe AR
AXE new inventory
Axe Wip Inventory
parts,obsolete and distress
17-Nov
80,000
60,000
663,000
360,000
24-Nov
82,000
60,000
648,000
340,000
1-Dec
87,000
60,000
633,000
280,000
8-Dec
78,000
60,000
618,000
260,000
15-Dec
58,000
60,000
603,000
200,000
22-Dec
63,000
60,000
588,000
200,000
29-Dec
68,000
60,000
573,000
140,000
5-Jan
48,000
60,000
558,000
120,000
12-Jan
53,000
60,000
543,000
60,000
Notes
1) Represents opening cash balance and credit availability.
2) Represents the collection of existing AR from The Shopping Channel. $100K owed from them, $20K held as reserve for possible returns.
3) Represents the companies best estimate from sales of returned inventory. Refurbishing aproxametley 50/day from WIP to refurb 50 by 5 days by $60. assume average selling price is equal to cost.
4) Represents the expected return of ITC from CRA. Will be tax compliant by beginning of December.
5) Represents the sale of WIP Inventories and obsolete inventory. Does not include reconditioned heaters. Assume average selling price is 50% of cost.
6) Represents average proceeds from retail store in Markham.
7) Represents average proceeds from retail store in Winnipeg.
8) Represents the collection of AR on the books currently and new AR generated from future sales.
9) Represents average revenues from the oreckcanada.com website and inbound call centre.
10) Represents the collection of existing consumer installment accounts, automatically on Moneris.
11) Represents purchases of new Oreck inventory under the "Oreck Light" program to meet expected future orders for OCO call centre. Misc ar and retail.
12) Represents current payroll expect staff compliment to remain the same.
13) Represents other basic operating costs.
14) Represents blanket contingency not related to other costs.
15) Represents mortgage costs on 1300 St. James St.
16) Represents interest expense to RBC.
17) Represents four missed source deduction remittances to be paid by CRA ITC refund.
18) Represents fees to Aikins and EY.
19-Jan
58,000
60,000
528,000
40,000
26-Jan
63,000
60,000
513,000
20,000
Axe Houghton Group - US Operations
(Note - receipts and disbursements occur through TD Bank USD accounts)
Week beginning:
Opening balance
Receipts
Disbursements
Closing balance
Receipts
AR Collections
Online and other AR
Notes
1
17-Nov
37,900
(44,000)
(6,100)
2
24-Nov
(6,100)
30,000
(27,500)
(3,600)
-
30,000
30,000
1-Dec
(3,600)
30,000
(18,500)
7,900
8-Dec
7,900
30,000
(24,500)
13,400
15-Dec
13,400
16,000
(61,500)
(32,100)
22-Dec
(32,100)
35,000
(27,000)
(24,100)
30,000
30,000
30,000
30,000
16,000
16,000
35,000
35,000
54,000
-
-
29-Dec
(24,100)
35,000
(76,500)
(65,600)
5-Jan
(65,600)
45,000
(13,000)
(33,600)
12-Jan
(33,600)
105,256
(45,500)
26,156
19-Jan
26,156
140,472
(41,500)
125,128
26-Jan
125,128
341,486
(27,500)
439,114
Total
37,900
808,214
(407,000)
439,114
35,000
35,000
20,000
20,000
301,002
301,000
649,433
535,970
149,666
80,467
154,710
(175,000)
(424,327)
321,486
1,239,406
149,670
205,656
207,852
(224,993)
(1,070,344)
507,214
35,000
35,000
45,000
45,000
25,000
25,000
-
-
80,256
Fall 2014 Heater Program
Costco
3
Brookstone
4
Groupon
5
House
6
Contingency for possible above-anticipated
7
returns
Vendor repayment
8
Net Fall 2014 heater
-
-
-
-
-
(54,000)
-
-
-
-
-
80,256
44,928
53,136
(50,000)
(592,025)
105,472
Transfers in (RBC CDN)
Total Receipts
-
30,000
30,000
30,000
16,000
35,000
35,000
45,000
105,256
140,472
341,486
808,214
(8,000)
(9,000)
(7,500)
(18,500)
(24,500)
(27,000)
(8,000)
(41,000)
(7,500)
(20,000)
(76,500)
(13,000)
(3,000)
(15,000)
(7,500)
(20,000)
(45,500)
(34,000)
(7,500)
(42,000)
(44,000)
(12,000)
(22,000)
(7,500)
(20,000)
(61,500)
(8,000)
(7,500)
(20,000)
(27,500)
(4,000)
(7,000)
(7,500)
(41,500)
(7,500)
(20,000)
(27,500)
(43,000)
(150,000)
(72,000)
(100,000)
(42,000)
(407,000)
(44,000)
(27,500)
(18,500)
(24,500)
(61,500)
(27,000)
(76,500)
(13,000)
(45,500)
(41,500)
(27,500)
(407,000)
Disbursements
freight forwarder duty
Freight forwarder for freight
US division operating costs
Payroll - US division employees
Interest
cheques out
Operating disbursements
Transfers out (RBC CAD)
Total Disbursements
9
10
11
12
13
(2,000)
-
-
(22,000)
(5,000)
(5,000)
Balance Sheet Accounts
ACW AR
ACW Inventory
ACW Refurb Inventory
ACW Distress inventory
14
15
16
17-Nov
110,000
43,000
189,000
400,000
24-Nov
100,000
33,000
172,000
400,000
1-Dec
100,000
23,000
155,000
400,000
8-Dec
100,000
13,000
138,000
400,000
15-Dec
114,000
3,000
121,000
400,000
22-Dec
109,000
29-Dec
104,000
5-Jan
89,000
12-Jan
94,000
19-Jan
89,000
26-Jan
99,000
91,000
400,000
61,000
400,000
31,000
400,000
1,000
400,000
59,000
400,000
142,000
400,000
Notes
1) Represents opening cash balance and credit availability.
2) Represents the collection of exiting AR plus the collection of projected online sales comprising $30,000 per week.
3) Costco orders based on 11 purchase orders to be delivered to warehouse for Black Friday program, returns average 10 -12%.
4) Based on sales projections for online sales, 10 % return rate, based on discussions with their buyer.
5) Based on online sales projections: Group on deducts 4% off invoice for returns, based on communicated projections.
6) Represents all other online accounts including bestbuy.com, homedepot.com, overstock.com, projected sales, based on discussions with buyers.
7) Represents possible additional returns, or inventory overhangs totaling additional allowance.
8) Represents the total vendor repayment amount of all purchases less $100K vendor deposit.
9) Represents 3.7% duty.
10) Represents inbound freight and trucking fees.
11) Represents average operating costs.
12) Represents payroll for employees engaged in U.S. operations.
13) Cheques issued but not cleared.
14) New inventory on hand exhausted in first four weeks.
15) ACW refurb inventory from sales cycle.
16) Most ACW WIP is AC that is out of season and needs to be reworked.
Axe Houghton Group - Consolidated Cash Planning - Summary
Week beginning:
Opening balance
Receipts
Disbursements
Closing balance
24-Nov
7,722
108,333
(133,556)
(17,500)
1-Dec
(17,500)
139,333
(104,156)
17,678
8-Dec
17,678
106,333
(113,222)
10,789
15-Dec
10,789
123,778
(127,333)
7,233
22-Dec
7,233
82,889
(85,000)
5,122
29-Dec
5,122
211,889
(198,600)
18,411
5-Jan
18,411
127,000
(163,694)
(18,283)
12-Jan
(18,283)
199,951
(105,556)
76,112
19-Jan
76,112
240,080
(139,111)
177,081
26-Jan
177,081
440,429
(80,556)
536,955
Total
87,611
1,791,016
(1,345,672)
532,955
-
45,000
33,333
78,333
70,000
33,333
103,333
30,000
33,333
63,333
45,000
17,778
62,778
15,000
38,889
53,889
135,000
38,889
173,889
25,000
50,000
75,000
45,000
27,778
72,778
55,000
38,889
93,889
25,000
22,222
47,222
490,000
334,444
824,444
EDC
Net Fall 2014 heater
Total credit card revenue
Transfers in to RBC CAD
Transfers in to TD USD
Total receipts
11,000
11,000
30,000
108,333
36,000
139,333
43,000
106,333
61,000
123,778
29,000
82,889
38,000
211,889
52,000
127,000
89,173
38,000
199,951
117,191
29,000
240,080
357,207
36,000
440,429
563,572
403,000
1,791,016
Disbursements
RBC CAD
TD USD
RBC USD
All Other
Operating disbursements
(20,000)
(48,889)
(68,889)
(103,000)
(30,556)
(133,556)
(68,600)
(20,556)
(89,156)
(71,000)
(27,222)
(98,222)
(49,000)
(68,333)
(117,333)
(45,000)
(30,000)
(75,000)
(103,600)
(85,000)
(188,600)
(74,250)
(14,444)
(88,694)
(46,000)
(50,556)
(96,556)
(76,000)
(46,111)
(122,111)
(50,000)
(30,556)
(80,556)
(706,450)
(452,222)
(1,320,828)
Other transactions
RBC CAD
Total other
(26,000)
(26,000)
(15,000)
(15,000)
(15,000)
(15,000)
(10,000)
(10,000)
(10,000)
(10,000)
(10,000)
(10,000)
(75,000)
(75,000)
(9,000)
(9,000)
(17,000)
(17,000)
-
Transfers out
To RBC CAD
To TD USD
To All Other
Total transfers out
Total disbursements
(94,889)
(104,156)
(113,222)
(127,333)
(85,000)
(198,600)
(163,694)
(105,556)
(139,111)
(80,556)
Receipts
AR collections CDN
AR collections US
Total AR collections
17-Nov
87,611
11,000
(94,889)
3,722
-
(133,556)
(187,000)
(187,000)
(1,345,672)
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.6. November 17, 2014 Internal Balance Sheet –
Canadian Operations
Axe Houghton Group Inc. – Interim Report
PwC
25
Date : 11/28/2014
Time : 11:49AM
Balance Sheet to 11/17/2014
Transaction Cross-Section By Posting Date
Account Name
Balance
Foreign currency
Assets
10000 - Current Assets
11000 - Cash
11000000-01-00 - RBC . 1001247
$ (46,408.16)
11000200-01-00 - RBC . 4002804 . USD
$ 43,651.73
11000000-02-00 - RBC . 1020759 . (ADI)
$ 217.90
11000200-02-00 - RBC . 4002911 . USD (ADI)
11000000-03-00 - RBC . 1024082 (BENTEL)
11000200-03-00 - RBC . 4009320 . USD (BENTEL)
11000212-01-00 - HSBC 317017101070 (AXE, Finance USD)
USD 29,547.61
$ 13,494.53
USD 12,285.92
$ 0.68
USD (9,256.74)
$ 213.72
USD 206.50
$ (3.79)
__________________
__________________
$ 11,166.61
USD 32,783.29
-------------
-------------
$ 1,665,609.30
****
12000200-01-00 - Accounts Receivable . Trade USD
$ 451,879.77
****
12999999-01-00 - Allowance for Doubtful Accounts
$ (53,372.68)
USD 5,850.07
__________________
__________________
$ 2,064,116.39
****
-------------
-------------
13000000-01-00 - New . Oreck Retail Vacuums
$ 25,043.01
USD 535,051.22
13000002-01-00 - New . Oreck Air Purifiers
$ 28,746.65
****
13000004-01-00 - New . Free Gift Inventory
$ 36,780.83
USD 478,465.86
13000006-01-00 - New . Oreck Commercial Vacuums
$ 10,766.37
USD 371,137.72
13000008-01-00 - New . Fast Commercial Vacuums
$ 21,006.74
USD (123,515.86)
Total 11000 - Cash
12000 - Accounts Receivable . Trade
12000000-01-00 - Accounts Receivable . Trade
Total 12000 - Accounts Receivable . Trade
13000 - Inventory . New Product
13000010-01-00 - New . Dehumidifiers
Page
1
Continued on next page
$ 997.66
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
13000020-03-00 - New . Comfort Furnaces (BENTEL)
$ (49,837.83)
USD 1,139,555.64
13000022-03-00 - New . RedCore Heaters (BENTEL)
$ 9,279.90
USD 42,866.99
$ 276.33
USD (32,157.00)
$ 470,676.75
USD 326,288.58
$ (9,132.77)
USD 16,192.92
$ 5,381.91
USD 183,194.64
$ (44,801.26)
USD 91,684.93
13000024-03-00 - New . Heatstorm Heaters (BENTEL)
11399999-01-00 - Freight & Duties . Landed
13013013-01-00 - Goods Clearing
13000014-01-00 - New . Plasma Cool Air Conditioning
13000026-01-00 - ACW Heaters
13000005-01-00 - OCO Inventory (AXE, Finance )
$ 29,820.53
13000017-01-00 - New - FANS
$ (5,342.04)
USD (2,719.41)
__________________
__________________
$ 529,662.78
****
-------------
-------------
13100002-01-00 - WIP . Oreck Air Purifiers
$ 78,733.25
****
13100000-01-00 - WIP . Oreck Retail Vacuums
$ 17,722.76
USD 39,863.96
13100006-01-00 - WIP . Commercial Vacuums
$ 2,563.17
USD 2,923.83
Total 13000 - Inventory . New Product
13100 - Inventory . Returned Product
13100010-01-00 - WIP . Dehumidifiers
$ 199.74
13100005-01-00 - WIP . Fast Vacuums
$ 319.29
USD 326.87
11320500-03-00 - WIP . Comfort Furnaces (Bentel)
$ 149,418.58
USD 358,042.81
11320005-03-00 - WIP . Red Core Heaters (Bentel)
$ 2,498.83
13100026-01-00 - WIP . ACW Heaters
13100012-01-00 - WIP . Portable furnaces
11320005-01-00 - WIP . Plasma Cool Air Conditioning
11320006-02-00 - Plasma Cool Dead (ADI)
$ 233,179.15
USD 130,832.58
$ 6,133.88
$ 171,687.60
USD 361,084.80
$ 366.06
__________________
__________________
$ 662,822.31
****
-------------
-------------
11330000-01-00 - Demo . Oreck Retail Vacuums
$ 26,298.34
USD 1,982.64
11330050-01-00 - Demo . Oreck Air Purifiers
$ 20,394.80
USD (21,893.21)
Total 13100 - Inventory . Returned Product
13200 - Inventory . Show Demos
11330015-01-00 - Demo . Oreck Commercial Vacuums
Page
2
Continued on next page
$ 503.29
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
11300150-03-00 - Demo . Comfort Furnances (Bentel)
$ 89,668.36
USD (42,640.00)
11330000-03-00 - Demo . Red Core Heaters (Bentel)
$ 12,252.74
USD 33,871.97
11330007-01-00 - Demo . ACW Heaters
$ 10,487.56
USD (17,464.82)
11330005-01-00 - Demo . Plasma Cool Air Conditioning
$ 23,696.65
USD (4,047.89)
11399998-01-00 - Rerturn Allowances (AXE, Finance )
$ 176,033.55
__________________
__________________
$ 359,335.29
USD (50,191.31)
-------------
-------------
13300005-01-00 - Parts . Oreck . Air Purifiers
$ 26,396.78
USD 131,943.42
13300010-01-00 - Parts . Oreck Retail Vacuum
$ 21,211.63
USD 57,010.25
Total 13200 - Inventory . Show Demos
13300 - Inventory . Service Parts & Consumables
13300015-01-00 - Parts . Oreck Commercial Vacuums
$ 5,975.54
13300020-01-00 - Parts . Fast Commercial Vacuums
$ 850.00
13300025-03-00 - Parts . Red Core Heaters (BENTEL)
$ 149.09
USD (131.08)
$ 34,135.62
USD 18,658.92
$ 20.00
USD 5,832.50
$ 9,234.36
USD 47,359.09
$ 10,098.80
USD 96,811.06
$ 503.38
USD (2,054.61)
13300045-01-00 - Parts . ACW Heaters
$ 8,597.56
USD 6,796.27
13300021-01-00 - Thinker Parts
$ 5,665.96
USD 6,157.14
__________________
__________________
$ 122,838.72
USD 368,382.96
-------------
-------------
13400100-03-00 - New . Temptations (BENTEL)
$ 52,430.91
USD 40,177.18
13400900-01-00 - Boxes . Air Purifers
$ 25,096.18
USD (14,898.70)
13400200-01-00 - New . Intellitrap
$ 27,542.88
13300030-03-00 - Parts . Comfort Furnance (Bentel)
13300040-02-00 - Parts . ACW Air Conditioning (ADI)
13300100-01-00 - Resale . Oreck Retail Vacuums
13300300-01-00 - Resale . Air Purifiers
13300035-01-00 - Parts . Plasma Cool Air Conditioning
Total 13300 - Inventory . Service Parts & Consumables
13400 - Inventory . Other
13400300-01-00 - New . Amana Air Conditioning
Total 13400 - Inventory . Other
Page
3
Continued on next page
$ 2,207.59
__________________
__________________
$ 107,277.56
USD 25,278.48
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
-------------
-------------
$ (73.31)
USD (1,597.79)
$ (166.10)
USD (959.11)
14000200-01-00 - Amex
$ 240.86
USD 191.44
14000400-01-00 - Debit Card
$ 667.66
14000 - Undeposited Funds
14000000-01-00 - Visa
14000100-01-00 - Mastercard
14000000-02-00 - Visa - (ADI)
$ 0.01
USD 0.00
14000100-02-00 - Mastercard - (ADI)
$ 0.00
USD 0.00
$ 539.21
USD 497.40
__________________
__________________
$ 1,208.33
USD (1,868.06)
-------------
-------------
14000800-02-00 - US Mastercard - (ADI)
Total 14000 - Undeposited Funds
15000 - Prepaid Expenses
15000000-01-00 - Prepaid . Lease Deposits
$ 60,065.33
15000300-01-00 - Prepaid . Other
$ 47,330.33
USD (101,609.03)
__________________
__________________
$ 107,395.66
USD (101,609.03)
-------------
-------------
Total 15000 - Prepaid Expenses
17000 - Corporate Income Taxes Receverable
17000000-01-00 - Corporate Income Taxes Recoverable
$ 3,316.87
__________________
Total 17000 - Corporate Income Taxes Receverable
Total 10000 - Current Assets
20000 - Long Term Assets
Page
4
Continued on next page
__________________
$ 3,316.87
-------------
-------------
__________________
__________________
$ 3,969,140.52
****
-------------
-------------
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
21000 - Capital Assets
21000000-01-00 - Furniture & Equipment
$ 188,305.63
21000100-01-00 - Computer Hardware
$ 170,798.81
21000200-01-00 - Computer Software
$ 245,244.99
21000300-01-00 - Leaseholds
$ 265,111.29
Total 21000 - Capital Assets
USD 18,824.43
__________________
__________________
$ 869,460.72
USD 18,824.43
-------------
-------------
22000 - Accumulated Amortization
22000000-01-00 - Acc. Amortization . Furniture & Equipment
$ (131,928.56)
22000100-01-00 - Acc. Amortization . Computer Hardware
$ (112,270.15)
22000200-01-00 - Acc. Amortization . Computer Software
$ (174,751.69)
22000300-01-00 - Acc. Amortization . Leaseholds
$ (231,908.49)
__________________
Total 22000 - Accumulated Amortization
__________________
$ (650,858.89)
-------------
-------------
23000 - Long Term Investments
23000100-00-00 - Debenture Due From Axe Houghton (ARBACO Ltd)
23999099-00-00 - Contra Debenture due from Axe (Arbaco Ltd,
Finance)
23000600-00-00 - Investment in Shares American Comfort
Distribution Inc. (Arbaco Ltd)
$ 1,675,064.44
$ (1,675,064.44)
$ 10.00
23000700-00-00 - Investment in Shares Fast America LLC (Arbaco
Ltd)
$ 100.00
23000300-00-00 - Investment in Shares of ADI (Arbaco Ltd)
$ 100.00
23999399-00-00 - Contra . Investment ADI (Arbaco Ltd)
23000000-01-00 - Investment in Shares of ADI
23999099-01-00 - Contra . Investment in ADI
23000400-00-00 - Investment in Shares of Axe Houghton (ARBACO
Ltd)
23999499-01-00 - Contra . Arbaco Ltd. Investment (AXE)
$ (100.00)
$ 1.00
$ (1.00)
$ 870,000.00
$ (870,000.00)
__________________
Total 23000 - Long Term Investments
Page
5
Continued on next page
$ 110.00
__________________
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
-------------
-------------
$ 1,112,325.44
USD (29,363.03)
$ (1,112,325.44)
USD 9,339,240.50
$ (476,935.54)
USD 10,533,340.18
$ 476,935.54
USD 6,990,896.51
$ (809,247.64)
USD (836,900.42)
$ (1,500.00)
USD (10,156.76)
$ 1,500.00
USD 8,767.76
$ 684,277.28
USD 14,559.70
$ 24,412.85
USD 6,003.79
24000 - Intercompany Due From (To)
24000300-01-00 - Due From (To) Arbaco Direct Inc
24000300-02-00 - Due From (To) AXE Houghton (ADI)
24000400-01-00 - Due From (To) Bentel LLP
24000400-03-00 - Due From (To) AXE Houghton (BENTEL)
24000500-01-00 - Due From (To) American Comfort World Wide LLC
24000600-03-00 - Due From (To) Arbaco Direct Inc (Bentel)
24000600-02-00 - Due From (To) Bentel LLP (ADI)
24001200-01-00 - Due From (To) OCO
24000900-01-00 - Due From (To) 6313281 Manitoba Ltd.
24001200-05-00 - Due From (To) Axe Houghton (OCO)
$ (11,327.82)
24013000-01-00 - Due From (To) Cordovero Distribution Inc.
$ 101,210.81
****
__________________
__________________
$ (10,674.52)
****
-------------
-------------
__________________
__________________
$ 208,037.31
****
-------------
-------------
__________________
__________________
$ 4,177,177.83
****
__________________
__________________
$ 4,177,177.83
****
=============
=============
Total 24000 - Intercompany Due From (To)
Total 20000 - Long Term Assets
Total Assets
Liabilities
30000 - Current Liabilities
31000 - Operating Facility
31000000-01-00 - RBC . CND
Page
6
Continued on next page
$ 4,776,700.01
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
31000100-01-00 - RBC . USD
Total 31000 - Operating Facility
Foreign currency
$ 95,152.62
USD 179,908.25
__________________
__________________
$ 4,871,852.63
USD 179,908.25
-------------
-------------
$ 1,250,568.81
****
$ (239,487.97)
****
32000 - Accounts Payable . Trade
32000000-01-00 - Accounts Payable . Trade
32000100-01-00 - Accounts Payable . Trade . USD
32000400-01-00 - Customs Duty Negative (AXE, Finance )
$ 52,800.65
__________________
__________________
$ 1,063,881.49
****
-------------
-------------
$ 184.73
USD 659,584.86
$ 455,392.87
USD 2,490,424.00
__________________
__________________
$ 455,577.60
USD 3,150,008.86
-------------
-------------
35000000-01-00 - Visa . RBC . 6162 . USD
$ (56,623.24)
USD 24,654.48
35000100-01-00 - Visa . RBC . 2204 . Justine
$ (16,020.78)
USD 21,663.39
__________________
__________________
$ (72,644.02)
USD 46,317.87
-------------
-------------
Total 32000 - Accounts Payable . Trade
34000 - American Express . AMEX
34000000-01-00 - Centurion . AMEX . 2008 . 2016
34000200-01-00 - Platinum.AMEX.CORP.71001
Total 34000 - American Express . AMEX
35000 - Visa
Total 35000 - Visa
36000 - Source Deductions Payable
36000000-01-00 - Source Deductions
36000000-05-00 - Source Deductions (OCO)
$ 79,268.06
$ 1,672.70
__________________
Page
7
Continued on next page
__________________
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
Total 36000 - Source Deductions Payable
Foreign currency
$ 80,940.76
-------------
-------------
$ (16.97)
USD 794.73
$ 19,142.58
USD 16,816.53
__________________
__________________
$ 19,125.61
USD 17,611.26
-------------
-------------
37000 - Accrued Liabilities . Inventory
37000500-03-00 - Accrued Inventory Parts & Acc. (BENTEL)
37000201-01-00 - Accrued Inventory Josen
Total 37000 - Accrued Liabilities . Inventory
38000 - Accrued Liabilites . Non Inventory
38000000-01-00 - Vacation Payable
38010000-01-00 - Employee Advance
38020000-01-00 - Accrued Liabilites
38030000-01-00 - Employee Exp. Reimbursement
38000000-05-00 - Accrued Liabilities (OCO)
Total 38000 - Accrued Liabilites . Non Inventory
$ 17,307.35
$ 674.45
USD (5,000.00)
$ 125,344.76
$ 1,001.95
$ 545.89
__________________
__________________
$ 144,874.40
USD (5,000.00)
-------------
-------------
$ 141,349.77
USD 543,181.42
$ (254,359.50)
USD (8,638.98)
$ (10,256.83)
USD (3,728.12)
50000 - GST (Receivable) Payable
50000000-01-00 - GST . Collected
50000100-01-00 - GST . Paid
50000000-03-00 - GST . Collected (BENTEL)
50000100-03-00 - GST . Paid (BENTEL)
Total 50000 - GST (Receivable) Payable
$ 10,159.42
__________________
__________________
$ (113,107.14)
USD 530,814.32
-------------
-------------
$ 3,111.54
USD 50.84
40000 - PST Payable
40000100-01-00 - PST Tax Payable - Manitoba
Page
8
Continued on next page
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
40000200-01-00 - PST Tax Payable - Ontario
40000100-02-00 - PST Tax Payable - Manitoba (ADI)
40000200-03-00 - PST Tax Payable - Ontario (BENTEL)
Total 40000 - PST Payable
Foreign currency
$ 4.96
$ (16.28)
$ 2.00
__________________
__________________
$ 3,102.22
USD 50.84
-------------
-------------
70000 - Long Term Debt . Current
70000300-01-00 - BDC Term Loan . 349441-06 Current
$ 83,616.00
70000400-01-00 - BDC Term Loan . 349441-07 Current
$ 11,495.00
__________________
Total 70000 - Long Term Debt . Current
Total 30000 - Current Liabilities
__________________
$ 95,111.00
-------------
-------------
__________________
__________________
$ 6,548,714.55
****
-------------
-------------
80000 - Long Term Debt
81000 - Long Term Debt
81000300-01-00 - BDC . Term Loan . 349441-06
$ 146,328.00
81000400-01-00 - BDC . Term Loan . 349441-07
$ 14,470.00
81999399-01-00 - Contra . BDC Term Loan . 349441-06
$ (48,776.00)
81999499-01-00 - Contra . BDC Term Loan . 349441-07
$ 22,300.00
__________________
Total 81000 - Long Term Debt
$ 134,322.00
-------------
82000 - Subordinated debt . Shareholder Loans
82000100-01-00 - Due to Arbaco Limited
82999199-01-00 - Contra Due to Arbaco Limited
Page
9
Continued on next page
__________________
$ 1,675,064.44
$ (1,675,064.44)
-------------
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
Balance
82000300-01-00 - Shareholder Loan . Ben Cohen
Total 82000 - Subordinated debt . Shareholder Loans
Total 80000 - Long Term Debt
Total Liabilities
Foreign currency
$ 1,048,864.04
USD 28,157.87
__________________
__________________
$ 1,048,864.04
USD 28,157.87
-------------
-------------
__________________
__________________
$ 1,183,186.04
USD 28,157.87
-------------
-------------
__________________
__________________
$ 7,731,900.59
****
Equity
90000 - Shareholders' Equity
91000 - Preferred Stock
91000000-01-00 - Preferred Shares Class (AXE)
$ 100.00
91000000-00-00 - Preferred Shares Class D (ARBACO LIMITED)
$ 200.00
91000000-02-00 - Preferred Shares Class D (ADI)
91000999-01-00 - Contra . ADI Preference Shares . Class D
$ 1.00
$ (1.00)
__________________
Total 91000 - Preferred Stock
__________________
$ 300.00
-------------
-------------
92000 - Common Stock
92000000-00-00 - Common Shares Class A (Arbaco LIMITED)
92000999-00-00 - Contra . Investment in ADI (Arbaco Ltd.)
$ 100.00
$ (100.00)
92000000-02-00 - Common Shares Class A (ADI)
$ 100.00
92000000-03-00 - Partner Contributions (BENTEL)
$ 100.01
__________________
Total 92000 - Common Stock
$ 200.01
-------------
94000 - Retained Earnings
Page
10
Continued on next page
__________________
-------------
Date : 11/28/2014
Continue
Time : 11:49AM
Balance Sheet to 11/17/2014
Account Name
94000000-00-00 - Retained Earnings (Arbaco LIMITED)
94000000-01-00 - Retained Earnings (AXE)
94000000-02-00 - Retained Earnings (ADI)
94000000-03-00 - Partner's Equity (BENTEL)
Balance
Foreign currency
$ 1,675,174.44
$ (972,064.44)
$ (1,245,080.21)
$ 1,083,929.52
__________________
Total 94000 - Retained Earnings
$ 541,959.31
-------------
94000300-00-00 - Contributed Surplus (ARBACO LIMITED)
94000999-01-00 - Contra . Contributed Surplus (AXE)
__________________
-------------
$ 869,800.00
$ (870,000.00)
95000 - Owner's Equity
95000100-03-00 - Disbursements to Trust Beneficieries (BENTEL)
95000200-03-00 - Disbursements General Partner . ADI Management
Inc. (BENTEL)
$ (125,000.00)
$ (95.00)
__________________
Total 95000 - Owner's Equity
Total 90000 - Shareholders' Equity
Profit Period
Total Equity
Page
11
__________________
$ (125,095.00)
-------------
-------------
__________________
__________________
$ 417,164.32
-------------
-------------
$ (3,098,924.93)
****
__________________
__________________
$ (2,681,760.61)
****
__________________
__________________
$ 5,050,139.98
****
=============
=============
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.7. November 17, 2014 Internal Balance Sheet – U.S.
Operations
Axe Houghton Group Inc. – Interim Report
PwC
26
Date : 11/28/2014
Time : 11:52AM
Balance Sheet to 11/17/2014
Transaction Cross-Section By Posting Date
Account Name
Balance
Foreign currency
Assets
10000 - Current Assets
11000 - Cash
11100001-04-00 - VNB . 41381246 (ACW)
11100002-04-00 - HSBC . 611.82002.1 (ACW, Finance )
11000201-04-00 - RBC. 4001236. USD (ACW)
11100003-04-00 - Access Capital Inc (ACW)
11100004-04-00 - TD BANK 4302517937 (ACW)
Total 11000 - Cash
$ 5,467.53
$ (3,114.00)
USD (2,292.26)
$ (422.42)
USD 247.71
$ 4,176.60
USD 14,307.00
$ (162,857.75)
USD (145,695.35)
__________________
__________________
$ (156,750.04)
USD (133,432.90)
-------------
-------------
$ 240.13
USD 229.00
$ 209,962.49
USD 251,006.22
__________________
__________________
$ 210,202.62
USD 251,235.22
-------------
-------------
$ 23,154.51
USD 21,497.05
$ 3,810.00
USD 1,199.20
$ 111.07
USD 101.37
$ 10,304.19
USD 9,455.38
12000 - Accounts Receivable . Trade
12999999-04-00 - Allowance for Doubtful Accounts (ACW)
12000001-04-00 - Accounts Receivable. Trade(ACW)
Total 12000 - Accounts Receivable . Trade
13000 - Inventory . New Product
13000026-04-00 - New . ACW . Heaters (ACW)
13000000-04-00 - New . ACW . Air Conditioning (ACW)
13000027-04-00 - New . Heatstorm . Heaters (ACW)
13000025-04-00 - New . Red Core . Fire Places (ACW)
13013013-04-00 - Goods Clearing (ACW)
$ 60.18
13000004-04-00 - ACW New. Free Gift Inventory
$ 2,091.71
USD 908.91
13000002-04-00 - ACW New Air Purifiers
$ 3,132.81
USD 2,863.32
13000017-04-00 - New ACW LifeSmart Fans
$ 1,339.70
USD 1,229.09
__________________
__________________
Page
1
Continued on next page
Date : 11/28/2014
Continue
Time : 11:52AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
$ 44,004.17
USD 37,254.32
-------------
-------------
$ 90,211.79
USD 93,607.47
$ 377.65
USD 325.28
$ 341,966.63
USD 337,067.42
$ 41,784.95
USD 41,784.22
$ 8,273.71
USD 7,494.95
$ 280.50
USD 158.01
$ 2,605.91
USD 1,684.44
__________________
__________________
$ 485,501.14
USD 482,121.79
-------------
-------------
13200026-04-00 - Demo . ACW . Heaters (ACW)
$ 31,768.75
USD 35,229.98
13200000-04-00 - Demo . ACW . Air Conditioning ACW)
$ 37,605.64
USD 19,324.99
$ 3,846.16
USD (144.70)
$ 595.40
USD 544.97
$ 9,528.49
USD 9,176.18
$ (493.50)
USD (52.74)
__________________
__________________
$ 82,850.94
USD 64,078.68
-------------
-------------
Total 13000 - Inventory . New Product
13100 - Inventory . Returned Product
13100026-04-00 - WIP . ACW . Heaters (ACW)
13200027-04-00 - WIP . Heatstorm . Heaters (ACW)
13100000-04-00 - WIP . ACW Air Conditioning (ACW)
13100022-04-00 - WIP . Red Core . Heaters (ACW)
13100025-04-00 - WIP . Red Core . Fire Places (ACW)
13100002-04-04 - WIP ACW Air Purifier
13100001-04-00 - WIP - ACW . Oreck Retail Vacuum
Total 13100 - Inventory . Returned Product
13200 - Inventory . Show Demos
13200022-04-00 - Demo . Red Core . Heaters (ACW)
13200025-04-00 - Demo . Red Core . Fire Places (ACW)
11330050-04-00 - Demo ACW Air Purifier
11330000-04-00 - ACW Demo. Oreck Retail Vacuums
Total 13200 - Inventory . Show Demos
13400 - Inventory . Other
USD 37.40
13400200-04-00 - Intellitrap . Attractant (ACW)
__________________
USD 37.40
Total 13400 - Inventory . Other
-------------
Page
2
Continued on next page
__________________
-------------
Date : 11/28/2014
Continue
Time : 11:52AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
14000 - Undeposited Funds
$ (33,831.00)
USD (30,000.00)
__________________
__________________
$ (33,831.00)
USD (30,000.00)
-------------
-------------
__________________
__________________
$ 631,977.83
USD 671,294.51
-------------
-------------
21000000-04-00 - Furniture & Equipment (ACW)
$ 4,495.50
USD 4,500.00
21000100-04-00 - Computer Hardware (ACW)
$ 2,336.63
USD 2,299.00
21000400-04-00 - Warehouse Equipment (ACW)
$ 2,497.50
USD 2,500.00
__________________
__________________
$ 9,329.63
USD 9,299.00
-------------
-------------
$ (2,498.00)
USD (2,495.29)
22000400-04-00 - Acc. Amortization . Warehouse Equipment (ACW)
$ (959.49)
USD (959.92)
22000100-04-00 - Acc. Amortization . Computer Equipment (ACW)
$ (576.84)
USD (585.39)
__________________
__________________
$ (4,034.33)
USD (4,040.60)
-------------
-------------
$ 842,700.64
USD 866,900.42
__________________
__________________
14001000-04-00 - Undeposited Funds (ACW)
Total 14000 - Undeposited Funds
Total 10000 - Current Assets
20000 - Long Term Assets
21000 - Capital Assets
Total 21000 - Capital Assets
22000 - Accumulated Amortization
22000000-04-00 - Acc. Amortization . Furniture and Equipment (ACW)
Total 22000 - Accumulated Amortization
24000 - Intercompany Due From (To)
24000500-04-00 - Due From (To) AXE Houghton (ACW)
Page
3
Continued on next page
Date : 11/28/2014
Continue
Time : 11:52AM
Balance Sheet to 11/17/2014
Account Name
Balance
Total 24000 - Intercompany Due From (To)
Foreign currency
$ 842,700.64
USD 866,900.42
-------------
-------------
__________________
__________________
$ 847,995.94
USD 872,158.82
-------------
-------------
__________________
__________________
$ 1,479,973.77
USD 1,543,453.33
__________________
__________________
$ 1,479,973.77
USD 1,543,453.33
=============
=============
1999999 - Legacy Accounts . Not in Use
Total 20000 - Long Term Assets
Total Assets
Liabilities
30000 - Current Liabilities
31000 - Operating Facility
31000000-04-00 - VNB . 3151016787 (ACW)
31000100-04-00 - Access Capital Loan
Total 31000 - Operating Facility
$ (57,545.37)
$ 1,581,368.00
USD 1,370,307.00
__________________
__________________
$ 1,523,822.63
USD 1,370,307.00
-------------
-------------
$ 163,461.42
USD 145,667.13
__________________
__________________
$ 163,461.42
USD 145,667.13
-------------
-------------
$ 55,486.60
USD 49,389.23
32000 - Accounts Payable . Trade
32000888-04-00 - Accounts Payable . Trade USD (ACW)
Total 32000 - Accounts Payable . Trade
37000 - Accrued Liabilities . Inventory
37000000-04-00 - Accrued Inventory (ACW)
Page
4
Continued on next page
Date : 11/28/2014
Continue
Time : 11:52AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
__________________
__________________
$ 55,486.60
USD 49,389.23
-------------
-------------
__________________
__________________
$ 1,742,770.65
USD 1,565,363.36
-------------
-------------
__________________
__________________
-------------
-------------
__________________
__________________
$ 1,742,770.65
USD 1,565,363.36
92000000-04-00 - Class A Shares (ACW)
$ 99.90
USD 100.00
92000100-04-00 - Class B Shares (ACW)
$ 225,836.94
USD 226,063.00
__________________
__________________
$ 225,936.84
USD 226,163.00
-------------
-------------
$ 39,552.63
USD 514,622.18
__________________
__________________
$ 39,552.63
USD 514,622.18
-------------
-------------
Total 37000 - Accrued Liabilities . Inventory
Total 30000 - Current Liabilities
80000 - Long Term Debt
2999999 - Legacy Accounts . Not in Use
Total 80000 - Long Term Debt
Total Liabilities
Equity
90000 - Shareholders' Equity
92000 - Common Stock
Total 92000 - Common Stock
94000 - Retained Earnings
94000000-04-00 - Retained Earnings (ACW) (ACW, Finance )
Total 94000 - Retained Earnings
Page
5
Continued on next page
Date : 11/28/2014
Continue
Time : 11:52AM
Balance Sheet to 11/17/2014
Account Name
Balance
Foreign currency
95000 - Owner's Equity
Total 90000 - Shareholders' Equity
Profit Period
Total Equity
Page
6
__________________
__________________
$ 265,489.47
USD 740,785.18
-------------
-------------
$ (1,420,270.51)
USD (584,263.98)
__________________
__________________
$ (1,154,781.04)
USD 156,521.20
__________________
__________________
$ 587,989.61
USD 1,721,884.56
=============
=============
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.8. March Margin Reporting
Axe Houghton Group Inc. – Interim Report
PwC
27
Schedule D
Schedule "D" to the Agreement dated April 11, 2011, between The Axe Houghton Group Inc, as Borrower, and Royal Bank of Canada, as the
Bank
BORROWING LIMIT CERTIFICATE
I, Ben Cohen, representing the Borrower hereby certify as of month ending
March 31, 2014
1. I am familiar with and have examined the provisions of the Agreement dated January 26, 2011 and any amendments thereto, between
The Axe Houghtong Group Inc., as Borrower, and Royal Bank of Canada, as the Bank and have made reasonable investigations of
corporate records and inquiries of other officers and senior personnel of the Borrower, Terms defined in the Agreement have
the same meanings here used in this certificate.
2. The Borrowing Limit is
$
5,000,000
calculated as follows:
Total EDC Accounts Receivable
Less:
a) Accounts, any portion which exceeds 90 days
Add: OPP Retail Accounts exceeding 90 days as Excluded (g), Below
b) Accounts Due from affiliates
c) Accounts where collection is suspect
d) "Under 90 days" Accounts where collection is suspect
e) Accounts subject to prior encumbrances
f) Holdbacks, contra-accounts or rights of set-off
g) Other ineligible accounts
Wholesale - Excluded Amounts
EDC Excess Limit Amounts
Plus:
Other . Revenue Canada Corporate Tax refund
Good EDC Accounts Receivable
$
$
$
$
$
$
$
$
$
(52,521)
-
$
(2,078,891)
3,485,123
$ (2,131,411)
(A)
$
$ 1,353,712
90.0%
Marginable Good EDC Accounts Receivable
$ 1,218,341
Plus: Non . EDC Accounts
ACW . ShopNBC
$
2,078,842
Excess $ EDC accounts
Distributor
Wholesale
Whosale - ODS
International
Marginable Good Non EDC Accounts Receivable
$
$
-
$
2,078,842
$ 1,559,132
75.0%
(B)
$ 2,777,472
Total Marginable Inventory:
(i) Inventory in Transit:
Inventory in Transit supported by purchase orders
$
1,480,999
(ii) Unencumbered Inventory supported by confirmed purchase orders:
Total Inventory held in Canada . New
$
Total Inventory held by customer
$
Total Inventory held in ACW . New
$
Less:
2,128,274
598,534
772,236
i) Inventory subject to prior encumbrances
ii) Inventory subject to 30 day supplier payables
iii) Other non qualifying inventory
$
-
$
$
-
(C)
$
3,499,044
(E)
50.0%
(D) $
740,500
50.0%
(F)
$ 1,749,522
(G)
$
Total Potential Prior-Ranking Claims:
Sales tax, Excise & GST
$
(20,000)
Employee source deductions (EI, CPP, Income Tax)
$
(18,992)
Workers Compensation Board
$
-
Wages, Commissions, Vacation Pay
$
(14,678)
Unpaid Pension Plan Contributions
$
-
Overdue Rent, Property & Business Tax and potential claims from 3rd parties
Other
$
$
-
C:\USERS\MBYIER~1\APPDATA\LOCAL\TEMP\wz5354\03-31-2014\20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
Borrowing
Limit (B+D+F+G)
(53,670)
$ 5,213,824
Less: Operating Facility
Margin Surplus (Deficit)
$
$
3. Annexed hereto are the following reports in respect of the Borrower:
(a) aged list of accounts receivable (b) aged list of accounts payable (c) aged list of EDC insured accounts receivable supported by Direct
to Pay on EDC form E-6 (d) status of inventory (e) listing of Potential Priority- Ranking Claims (f) listing of prior-ranking Claims.
4. The reports and information provided herewith are accurate and complete in all respects and all amounts certified as potential
prior-ranking claims are current amounts owing and not in arrears.
Dated this day of :
March 31, 2014
Per:
Name: Ben Cohen
C:\USERS\MBYIER~1\APPDATA\LOCAL\TEMP\wz5354\03-31-2014\20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
5,000,000
213,824
A) Aged list of Accounts Receivable ($CDN)
31-Mar-14
Future
Distributor
Wholesale
Wholesale - ODS
Commercial
International
ACW
OPP - On Payment Plans
$
$
0-30
-
31-60
61-90
90 +
$
$
$
$
$
$
705,935
505,113
5,872
1,670,556
$
$
$
$
$
$
205,522
160,816
1,294
110,062
$
$
$
$
$
$
674
164,011
333
5,702
$
$
$
$
$
$
$
2,887,476
$
477,694
$
170,719
$
Total
104,267
(158,241)
877
2,330
$
$
$
$
$
$
1,016,399
671,699
8,375
1,788,650
(50,766) $
3,485,123
Accounts Recievable with any portion >90 days:
Distributor
Wholesale
Wholesale - ODS
ACW
Commercial
International
OPP - On Payment Plans
104,267
(158,241)
2,330
(877)
($52,521)
c
Accounts Recievable with any portion <90 days is <10%; or Bank Accepts as a Good Account:
Distributor
Wholesale
Wholesale - ODS
Commercial
International
OPP - On Payment Plans
Net Total Accounts Receivable
( i + ii + iii )
$3,432,603
90 +
Total
$
498,631
$ 1,045,729
$
(39,208)
Summary of the Annexed Reports in respect of the Borrower:
$
$
$
0-30
498,631 $
(251,612) $
(43,580) $
C) Aged List of Insured EDC Accounts Receivable ($CDN)
Future
0-30
Total AR (Above)
$
$
2,889,501
Less ("Non-EDC $"):
OPP Accounts
$
$
TVS Chat
EDC $ Limit Adj:
Distributor
$
$
Wholesale
Whosale - ODS
$
$
International
$
$
$
$
2,889,501
$
31-60
61-90
111,977
379,751
$
$
$
801,666
45,199
$
$
$
31-60
480,074
$
61-90
172,771
$
383,698
257,494
90 +
Total
(50,247) $ 3,492,099
$
-
$
-
$
-
$
-
$
-
$
-
$
$
$
480,074
$
$
$
(ii)
na
na
na
na
na
na
$0
B) Aged list of Accounts Payable ($CDN)
Future
Credit Card
$
Trade Payables CDN
$
Trade Payables ACW
$
-
(i)
172,771
$
$
$
$
$
-
$
$
$
$
(50,247) $ 3,492,099
D) Status of Inventory
$ 2,128,274
E) Listing of Potential Prior-Ranking Claims
$
(53,670)
E) Listing of Supplier Payables having 30 day repossession rights over inventory
$
-
(iii)
Accounts Recievable - as at:
March 31, 2014
Total
%
Distributor
Wholesale
Wholesale - ODS
Commercial
International
Acw
OPP - On Payment Plans
A1 - Collections
Air Conditioning
ISC
Oreck
29.1%
19.2%
0.0%
0.4%
0.0%
51.2%
0.0%
100.0%
$
$
$
$
$
$
$
$
Future Pmt
1,016,399
671,699
15,351
1,788,650
3,492,099
$
$
$
$
$
$
$
-
$
$
-
100.0%
0-30
$
$
$
$
$
$
$
$
31-60
705,935
505,113
7,897
1,670,556
2,889,501
0.0%
$
$
$
$
$
$
$
$
61-90
205,522
160,816
3,673
110,062
480,074
82.7%
$
$
$
$
$
$
$
$
91-120
674
164,011
2,384
5,702
172,771
13.7%
$
$
$
$
$
$
$
$
120 +
1,243
(13,268)
64
3,837
$
$
$
$
$
$
$
(8,124) $
4.9%
Future Pmt
103,025
(144,973)
1,333
(1,507)
(42,122)
-0.2%
0-30
31-60
61-90
91-120
120 +
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
20.2%
23.9%
0.0%
23.9%
0.0%
0.1%
24.4%
0.0%
15.5%
0.0%
0.1%
-2.0%
0.0%
0.4%
0.0%
10.1%
0.0%
0.0%
8.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
-1.2%
Accounts Recievable - as at:
January 31, 2014
Total
%
Distributor
Wholesale
Wholesale - ODS
Commercial
International
ACW
OPP - On Payment Plans
A1 - Collections
Air Conditioning
ISC
Oreck
35.5%
45.1%
0.0%
0.4%
0.0%
19.0%
Future
0-30
$
$
$
$
$
$
1,355,628
1,726,076
15,351
726,973
$
-
$
$
$
-
$
$
$
$
$
$
3,824,028
$
$
$
$
$
$
31-60
61-90
91-120
120 +
Future Pmt
$
$
122,709
879,145
$
$
1,079,878
429,574
$
$
11,581
432,057
$
$
1,405
5,616
$
$
140,055
(20,316)
$
7,897
$
3,673
$
2,384
$
64
$
1,333
$
331,955
$
333,152
$
59,536
$
3,837
$
(1,507)
0-30
31-60
61-90
91-120
120 +
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
79.7%
24.9%
0.0%
23.9%
0.0%
0.9%
25.0%
0.0%
15.5%
0.0%
0.1%
0.3%
0.0%
0.4%
0.0%
10.3%
-1.2%
0.0%
8.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
100.0%
0.0%
$
1,341,706
$
1,846,277
$
505,558
$
10,922
35.1%
48.3%
13.2%
0.3%
$
119,565
3.1%
Average Days - AR - Current Month
60.3
Sales - TTM:
23,706
Ttl AR:
4,176
.
3,655
Average Days - AR - Prior Month
56.6
Sales - TTM:
23,487
Ttl AR:
3,655
.
3,627
Average Days - AR - 10
58.0
Sales:
22,414
Ttl AR:
4,214
.
2,910
Average Days - AR - 09
62.1
Sales:
15,754
Ttl AR:
2,910
.
2,447
(i) TTM = Trailing Twelve Months
C:\USERS\MBYIER~1\APPDATA\LOCAL\TEMP\wz5354\03-31-2014\20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
DISTRIBUTOR - ACCOUNTS RECEIVABLE
Line No.
BP Number
March 31, 2014
Customer
Total
Future Pmt
0-30
31-60
61-90
91-120
120+
EDC - Excluded Accounts:
EDC Approval Validation:
309054 Costco Wholesale
197167 Best Green Technologies (Matt Sullivan)
140387 Northern Response Retail CDN
$
$
15
85
633
52
17
644
614
1202
34
682
783
87
85
112263
304714
320564
178057
117045
322413
313432
337587
173770
324813
328737
309054
309885
The Bay
Marshall Fabric
Portable Comfort Store Golub USD
Portable Comfort Store Golub Mark
Oreck Centres of Ontario Inc.
Mark Golub - Amazon.com
Opielka, Martin Germany
KIO TREND Customer
Shark Technology SRL
Costco
Century Writeups & Consultancy Ltd
Costco - Wholesale
Valuvision Media
Balance $
352,591
Approved $
$ 2,000,000
$
50,000
$
200,000
1,016,399 $
-34.68
220.5
1253.5
3723.3
5763.96
6422.14
24956.91
28472.2
33965.41
57512.85
71873.38
352591.26
429678
-
$
$
$
$
$
Excess $
705,935
$
205,522
$
674
$
1,243 $
-34.68
393.79
2310
5763.96
441.82
644.55
1213.8
215.16
199.5
1706.08
-225.4
179.03
-5243.43
28472.2
33965.41
59520.25
484.4
1098.33
272591.26
429,678.00
80000
103,025 Contry of Origin
CANADA
220.5 CANADA
CANADA
CANADA
CANADA
4320.61 CANADA
24956.91 GERMANY
USD
ROMANIA
1653.3 CANADA
71873.38 USD
CANADA
USD
WHOLESALE - ACCOUNTS RECEIVABLE
March 31, 2014 CUNTRY OF ORIGIN
Line No. BP Number
Customer
Total
EDC - Excluded Accounts:
132806
TVAChats
#REF!
EDC Approval Validation:
150635 Ace Hardware Corporation USA
301274 Ali & Sons Hardware True Value
130177 Windsor Plywood (Brandon)
168072 CTC - Canadian Tire
130945 Chadwick's and hack's
183308 Chediac Furniture & Appl.
199302 COSTCO WHOLESALE CANADA LTD
309054 Costco Wholesale
179121 Energy Wise Solutions
138014 Federated Co-op Ltd.
105704 Home Hardware
309267 Mister Sew Vac
160202 North American Lumber
301281 North Wellington Coop Services Inc..
140387 Northern Response Retail CDN
189205 Pleasant Supplies LTD. Tim-Br Mart
164198 Klimfax
140071 The Shopping Channel
183112 Sears Canada Inc.
197105 Sechelt Fire Place Ltd.
117162 Tip Top Parts - Surrey
191694 Slegg Construction Materials Ltd.
189204 King Street Tim-BR Mart
197256 CEFCO - A Division of Torbram Supply
112774 Vacuum Rebuilders Of Calgary
117186 Vacuum Specialists
303555 Windsor Building Supplies Ltd
301264 Country Depot Alexandria
301712 Country Depot Mitchell
189136 Kent Building Supplies
112652 7594828 Canada Inc. (TruServ Canada)
$
$
$
100118
100293
100954
101105
101310
101320
101558
101829
102472
102560
103692
104329
104895
105452
106397
A & J Supplies & Service
Alberta Vacuum Expert NW
Bedroom Vacuum Shop
Bert's Vacuum
Bob's Vac Shop
Bobby, Jim
Brantford Vacuum
Burnaby Sew N Vac
Clean More Service
Cole's Appliances Ltd. (001)
Dunnville Vacuum
Four Seasons Sunrooms - Utica
Gopher Wood Inc.
Henry Vacuums
K-W Sewing machines
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
#REF! $
$
$
$
$
$
$
$
$
$
$
$
$
671,699
0-30
#REF!
AXE Balance $
$
1
6
14
17
20
23
26
29
34
37
42
45
60
67
197
Future Pmt
$
Approved $
500,000
20,000
50,000
1,000,000
20,000
40,000
1,000,000
650,000
150,000
500,000
500,000
15,000
160,202
20,000
200,000
30,000
75,000
1,000,000
200,000
20,000
100,000
60,000
50,000
50,000
30,000
30,000
150,000
20,000
20,000
350,000
250,000
-
31-60
#REF!
$
$
61-90
#REF!
91-120
#REF!
120+
#REF!
Excess $
-
$
-
$
$
$
-
$
$
$
-
$
$
$
$
$
-
$
$
-
$
-
$
$
$
$
$
-
$
-
$ 505,113
$
160,816
$
164,011
$
(13,268) $
(144,973)
350.3
-350.3
44.07
-44.07
40.32
-40.32
27.3
101.7
-27.3
-101.7
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No. BP Number
Customer
204
106986 Labar Sales & Distribution
210
108515 Mick's Vacuum
217
109352 Ontario Vacuum
222
110422 Roadside Antiques Grocery Store
229
111062 Scotia Vacuums
240
112060 Elite Vac & services
291
113209 WCI Realty
294
113243 Schwartz, Enid
297
113807 Your Vacuum Superstore
301
113916 A Plus Vacuum Doctor
307
114036 Barron's Furniture
311
114121 Birtley Furnaces
314
114350 Charles Garcia Construction
318
114845 Golden Gate Enterprises
327
114846 Donald Caffero
330
116209 Shakopee Vacuum U.S.
338
116515 Vacuum Cleaner Outlet
343
116604 Weber Supply w
346
117000 Vacuum Unlimited
356
119985 Greffard's Saw Shop
359
122092 Bullseye Media U.S.
362
124482 Hoke-e-Geez,
U.S.A.
365
125456 B & B Sale LLC
371
126843 Peters Appl. Sales & Svc
374
127709 Tilley, Neville
383
128176 QC Supply
386
130177 Windsor Plywood (Brandon)
389
130671 Mrs. Vacuum
396
130946 Win-Leader Corp.
401
131981 AB Vacuum Center
410
135533 Blitz Appliance Service & Sales
438
139137 Ray's fireplaces
454
140950 Supplement Nutrition Plus
458
142845 Chernetz George
462
143178 Enviro Brite Industries collections
467
143331 JEB Supply Co. U.S.
490
153297 Going Fishing
557
163608 Mega Group USA (Best Brand Plus)
562
164941 Organic Source
565
165369 Cole, Bill & Lynette
570
166292 Rewards Department Store
574
167479 GR Enterprises
578
170275 Gilbert, Stephen
581
171498 Sexton Group Ltd.
585
173766 Superior wood product
590
175347 Floral Decor
595
176053 The Fire starter
600
176894 Dino's Appliances
761
183308 Chediac Furniture & Appl.
764
184311 B.H. Allen Building Centre Rona
767
186175 Dewdney Enterprises Ltd.
771
186705 Coop Atlantic
774
187717 Pettis Pools & Patio
779
189049 Fireside True Value
795
189205 Pleasant Supplies LTD. Tim-Br Mart
798
190532 Birch Auto Farm Supply
802
191694 Slegg Construction Materials Ltd.
806
191726 Val Est Ace Hardware
812
196730 Samy Profeta
815
197094 J & B of 14th Street
Total
Future Pmt
0-30
31-60
922.25
61-90
91-120
120+
113
-113
23.73
-23.73
168
-168
294
-294
1519.15
-1519.15
275.52
1050
-275.52
-1050
467.25
-467.25
222.88
-222.88
401.15
-401.15
104.8
-922.25
-104.8
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No. BP Number
Customer
821
197105 Sechelt Fire Place Ltd.
827
197968 Windsor Plywood Williams Lake
832
199949 Beachcomber Home Leisure
835
301283 Windsor Plywood AIRDRIE
846
301712 Country Depot Mitchell
852
311122 Brazeau, Serge
855
311174 Evans, Thomas
858
311212 Graham, Pat
861
311220 Dionne, Lynn
864
312018 Sutherland, John (Rosseau, ON)
867
312051 Scime, Joe
870
312111 Lavoie, Odette
873
312171 K Promotions
876
312389 Larson, Leanna
879
312627 Kirk, Maureen
886
312715 Jeffries, Chris
889
312963 Sarasin, Francoise
892
313861 MacDonald, Gregory
895
313886 Vine, Stuart
898
314054 Provost, Helene
901
314100 De Lamirande, Helene
906
314123 Spring, Trudi
909
314125 Smiley’s
912
314324 Simard, Lisa
915
314371 Allard, Giselle
918
314580 Marshall, Jodi
921
314582 Kings Vacuum
928
314751 Rebiffe, Armand
932
314804 Wilson, Doug (Minnedosa, MB)
935
315092 Riediger, Catherine
938
315203 Johnson, Bruce (Lyndhurst, ON)
941
315227 North, Nancy
944
315246 Tellier, Jean
947
315281 Robinson-Pratt, Gale
951
315294 Forbes Brothers
954
315382 McLaren, Charles
957
315417 Grace, Andrea MacKay
960
315419 Steele, Jim
963
315426 Allard, Shawn
966
315492 Hunter-Gray Financial
969
315596 Evans, Dave (Victoria, BC)
972
315806 Hogue, Bob
975
315877 Doolridge, Betty
979
318453 AVI ELectronique
983
318520 Guys Vac Shop
995
323387 Giroux, Gabriel
999
324825 Happy Camper RV Alberta ltd
1006
329972 Alpine Air Purification and Heating
1012
331854 Speedy Sweep (NV)
1019
334170 On The Spot Carpet Cleaning
1022
335844 Redcliff Home Hardware
470
146779 Chalifour Canada
413
138014 Federated Co-operatives Limited
628
183112 Sears Canada Inc.
529
163024 McMunn & Yates Building
882
312714 Aspirateur Cote Vertu
483
147282 Castle Building Centres
512
160202 North American Lumber
605
178451 Parts Centre LTD.
1017
333984 Hometown Hardware
Total
Future Pmt
0-30
31-60
61-90
759.36
1215.2
91-120
378
-9987.5
-8053.69
-7758.65
-2806.65
-1604.4
-1425.96
-718.68
-710.77
-408.45
-3798.25
19281.48
-1604.4
-7682.15
-241.5
6758.42
-2806.65
-718.68
-710.77
4025
-556.5
1655.35
-1714.5
91.35
-8183.7
103.95
5513.04
-6546.09
-408.45
120+
-759.36 CANADA
-1215.2 CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
-378 CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
-817.6 CANADA
-7347.04 CANADA
-27270.2 CANADA
CANADA
CANADA
-1529.91 CANADA
1033.05 CANADA
CANADA
CANADA
Line No. BP Number
Customer
607
180329 Quality Stoves & Fireplaces Ltd.
32
102416 City Center Vacuum
785
189136 Kent Building Supplies
220
110219 Refrigeration RM
11
100595 Aspirateurs 2000 Plus
215
108548 Miller's Vac Shop Inc.
1015
333598 Northgate Vacuum
353
117186 Vacuum Specialists
824
197256 CEFCO - A Division of Torbram Supply
227
110781 S & R Heating
598
176611 Towne Ford sales
407
134596 Mobile Vacuum
850
307996 Winn-West Distributors
527
160821 Vacuum Doctor - Nanaimo
1060
399999 House INT
1025
336523 Brookstone Inc 2
288
112772 Vacuum Master
394
130945 Chadwick's & Hack's
351
117162 Tip Top Parts - Surrey
70
105577 Hinton Vacuum
48
104374 Fraser Highway Vacuums
40
102955 D & R Vacuum & Appliance Ltd.
809
192987 St. Albans Computers
208
108295 McHardy Vacuum
1040
337701 Groupon Canada
494
154030 Home Depot Canada
234
111618 Soo vacuum
992
320790 Central Home Improvement Import
243
112652 Truserv
531
163222 Staples Business Depot Head Office
200
106977 La Maison de L'Aspirateur
609
183110 Walmart Canada Corp.
1002
325624 Samtack
488
147526 TIMBRMART
1027
337337 CTC - Canadian Tire
1009
330150 XS Cargo
447
140071 The Shopping Channel
60
188535 Miracle Wave Vac Systems
94
320351 Brookstone
28
145095 Crawford Appliances
73
310562 Clean Source Technologies
Total
-357
-304.5
-299.45
-289.8
-220.5
-203.4
-138.51
-42
-13.63
-4.5
25.99
68.37
81.9
220.5
233.86
439.26
680.4
745.12
790.26
845.25
1213.04
1239.61
1582
1748.05
2418.81
2826.18
3199.08
4466.26
5436.02
5571
5874.83
6015.75
6522.51
8280
25101.38
47250
533917.69
77.18
638.51
2884.89
36653.2
Future Pmt
0-30
-357
-220.5
-203.4
-42
33.34
745.12
790.26
990.68
1344.7
1748.05
1691.2
2826.18
-1111.87
-126.5
-479.25
4994.8
5402.33
5354.25
-447.71
-66145.69
533917.69
529.78
31-60
61-90
-304.5
-299.45
91-120
1603.45
-254.25
120+
-1349.2
-289.8
-138.51
25.99
35.03
81.9
623.7
-13.63
-4.5
220.5
133797.28
439.26
56.7
-133563.42
845.25
222.36
1239.61
237.3
727.61
-107.35
9452.8
576.2
472.5
661.5
8280
91247.07
47250
108.73
4057.26
-135.6
4592.76
124.06
5424
4553.9
-1214.55
-2447.04
1546.22
77.18
2884.89
32595.94
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
WHOLESALE - ODS - ACCOUNTS RECEIVABLE
Line No. BP Number
Customer
Total
EDC Approval Validation:
117154 McNally, Terry
185337 Brands Direct
303557 Brands Direct-RC
$
March 31, 2014
Future Pmt
Balance $
-
$
-
0-30
$
Approved $
50,000
$
$
31-60
61-90
91-120
120+
Excess $
$
-
50,000
$
$
-
-
$
-
$
-
$
-
$
-
$
-
Commercial Accounts Receivable
Line No.
1
4
9
14
17
20
23
26
31
37
43
46
51
54
57
60
63
66
72
75
78
83
86
89
92
95
98
101
104
107
110
113
116
119
124
127
136
139
148
151
154
158
163
168
173
176
179
186
189
192
196
211
214
217
221
BP Number
31-Mar-14
Customer
100116
100220
100691
100859
101781
101885
101908
101921
101932
102306
102325
102419
103752
103831
104294
104656
104872
104902
104950
105601
105966
106070
106475
106489
106648
106969
106974
107047
107355
107837
108011
108173
108775
108927
109097
109209
109475
110302
110605
110670
110684
110767
111134
111238
112875
112944
113671
113755
115760
116466
116934
117283
117605
117865
117886
$
A & A Building Cleaning & Contracting Ltd
Adventure Inn
Bailey's Restaurant
Basic Tool Rental
Budget Inn Patricia Hotel
Byers Funeral Home
Cactus Tree Inn
Calabogie Peaks Resort
Little Skolar Kollege
Fraser, Cheryl
Chief Cornerstone Church
City of Winnipeg
Eagle Nest Resort
Broder Co.
North Vancouver Hotel
Georgian Bay Development
Gonzales, Rita
on holds
Lawrence, Michelle
Hobbs Home Service
Imanuel Pentecostal Church
Jackson, Mary Ann
Katz, Sam
Kazina Enterprises
Kildonan House
Kyle Hotel
Lac La Biche Inn
Lakeview Gospel Centre
Les Aspirateur Du Nord
Maid in Manitoba
Marler, Roy
Maxwell Colony
Morrin Industrial Repair Ltd.
Nairn Vacuum & Appliance
Nisbett Funeral Home
Nygard International
Pantry and Privy
Moonlight Inn & Suites
Rosebank Colony
Round-Tuit Cleaning
Roxy Lanes
Ryan & Odette Funeral Home
Casa School
Shelton, Ian
Venta Prep School
Viking Inn
Woods, Bill
Yellowhead Arena
New Dimensions of Christ Church
Travelodge - Quesnel, BC
Humpty's Restaurants
Super 8 Abbotsford
Northwoods Motor Inn
Super 8 Motel - Scarborough
Stampeder Motel
Total
-
$
8,375
Future Pmt
$
-
0-30
$
5,872
20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
31-60
$
1,294
61-90
$
333
91-120
$
855
120+
$
% >90 Days
22 Country of Origin
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
225
229
236
240
245
248
257
264
273
277
282
287
295
299
304
308
313
318
322
327
331
334
338
342
346
350
354
358
362
366
370
374
378
382
386
404
408
412
416
423
427
431
434
443
447
451
455
459
468
473
483
488
491
495
498
506
522
527
BP Number
118266
119065
120838
121065
122536
124881
126760
127055
128177
130447
130598
131055
131794
132107
132156
132190
132194
132436
132606
132927
133430
133439
133470
133881
134422
135949
136189
136263
136478
136610
136622
136822
136907
136983
136996
137105
137111
137193
137340
137814
137838
138195
139219
140326
140370
140728
140868
142665
143462
144758
151913
152897
153477
153899
154631
155462
158210
158804
Customer
Normaway Inn
Days Inn - Wallaceburg, ON
Campbells Plumbing & Heating
Best Western Royal Oak Inn
Fusion Grill
Dika Industries Ltd.
Smith, Darrell
Church of Jesus Christ
Happy Cat Sanctuary
Dechtel TMP Project Office (Bruno Plaza)
Ukrainian Cultural Center
My Service and Support
Best Western Fireside Inn
Bridal Boutique
Dream Clean Services
Salt N Lace
Affordable Bridals Inc.
Nisku Place Motel Ltd.
Fairmont Hotsprings Resort Ltd.
Blackfoot Inn
Mini Maid
Albion Manor Bed & Breakfast
Reflections on the lake(Retreat)
Jasper Place Hotel
Best Western Crusader Inn
Village Court Pharmacy
Smith Camps
Georgian Bay Fishing Camp/ C/O Wright's Marina
Ark of Avalon B & B
Jewel Clean INC
Keneally Manor
Clean Family Clean Inc
You've Got Maid Cleaning Co
Sea Kindly Bed & Breakfast
AJP Building Maintenance
Kawartha Ccleaning Service
Belgravia Bed & Breakfast
Gingerbread House Inn
Maynard Lake Lodge*
Sunshine Janitorial & Supplies
Nisku Janitorial Contracting Ltd.
Broder, E.
Interlake Colony
J. Scott Early Funeral Home
Dust Bunnies Away
Webers Appartments
All Pro Cleaning Inc.
Vineland Missionary Church
Mondial 2000 Inc.
Oak Bank Elementary
Care Allot For Tots
Sagh, Anton
Woodsy, Enterprises
Chipman Hill Suites
Auto Tech Inc.(Vera Pribyl)
Wagner Real Estate Holdings
Gerrie Electric
90131079 Quebec Inc.
Total
Future Pmt
0-30
20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
31-60
61-90
91-120
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
543
546
549
554
557
560
563
566
569
572
575
580
583
587
592
597
600
603
608
612
615
641
649
653
656
666
670
674
677
681
684
687
691
694
699
702
706
721
726
729
732
744
752
757
760
763
768
778
781
784
787
790
794
797
800
803
806
809
BP Number
159447
160914
161064
162224
162833
162839
163298
163541
163895
164551
164597
164951
165612
165932
165952
167596
167897
168243
170137
170277
171205
171224
173245
175865
175906
177152
177173
179620
180376
180670
180680
181604
181968
182630
184397
185040
185511
185612
185614
185622
185627
186190
186364
186480
186484
186489
186491
186592
186627
186703
186749
186762
186774
186779
186785
186795
186797
186908
Customer
Super 8 - The Pas
Gould, Donald
Suno, Sulayman
Mar-Schell's Music
Thibodeau, Marianne
Roseman Corporation
Castle, Dianne
McDougall & Brown Funeral Homes Toronto
Olienick, Penny
Niverville Heritage Centre
Moms And Children Paradise
Brock Built-In Specialists
The Haven Resort
Otis Health Care Centre
Atlas Graham Industries Co.
Kehler, Allan
Canada Wide Vehicle Finance
Knox Day Care
Laser Quest
De Rosa, Jean
8212554 Canada Inc
The Downtown Hotel
Mennonite Bretherin Ministry Center
Arcane Horizon
Racket Shack
Dr. Dao Dental Office
Teen Stop Jeunesse
De Zine (Lloyd Segal)
Quality Pool & Spas
Grant Sign Imaging ( Will Thompson)
Dave Mantle CGA ( Dave Mantle)
St. Alphonsus Church( Kathy Klassen)
Pleasant Valley Golf & Country Club
Merry Maids of Ottawa
Humphrey Sanitation Supplies Limited
Taneda, Phil
Hotte, Pierre
Ed Cooney Services
Escape Cleaning
Maid Pro Airdrie
Balmoral Hotel
Beaufort-Delta Divisional Edu. Council
Sun and Moon Cleaning
DKJ Mechanical
Brown, Chris
Carter Food Ltd.
Centennial Park Golf Centre
Planet Clean Duncan
Marias Beauty Salon
Westway Inn Motel
Yelle-Adams, Judy
Service Master
Green Earth Carpet Cleaning
School District 67
Best Value Inn
Timber Lanes
Tropicana Suites Hotel
Aspirateurs116
Total
Future Pmt
0-30
73.39
20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
31-60
-73.39
61-90
91-120
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
816
819
824
827
832
837
840
843
846
849
852
858
862
867
871
874
877
881
885
888
892
895
898
901
905
909
913
916
921
927
930
935
938
941
944
951
957
960
963
966
971
974
977
980
983
986
989
992
995
998
1003
1006
1009
1012
1015
1020
1023
1028
BP Number
186911
187044
187841
188842
188990
189258
189338
189657
189865
189943
191266
193188
193437
195055
195644
195753
196591
198006
199116
199752
199885
300498
300740
301155
301772
302017
302597
303548
306230
308427
308760
311082
311138
311184
311201
311218
312023
312105
312134
312228
312274
312285
312286
312294
312306
312383
312402
312497
312602
312635
312931
312985
313035
313114
313168
313174
313246
313506
Customer
Vardy's Ambulance and Funeral Home
The Pas Alliance Church
Vitalines Cleaning
Evoy & Associates
RD Guerin Inc.
Buffalo Point First Nations
Westwood Village Inn
Bonivital Pool
Morden Home Hardware
Peek A Boo Daycare
EOS Financial Group Inc
Capitol Banquet Centre
Pleasant Valley Motel
Phillip, David Dr.
AGT Services
Salt Spring Inn
Centro Motel
Clean As a Rose
Play It Again Sports
Duchess Hall
Burnet Restaurant & Lounge
Devonshire House
Koster Denture Clinic
King, Gary Grand Bend
Tipper, Garry
KBI Realestate
Bien, Dorothy
Rideau View Golf & Country Club
Speer, Jane
D-7 Property Management
Caputo, Jerry
CRS Commercial Carpet Maintenance
Stayner Veteranarian Services
New Avenue Hotel
Cantrill, Georgina
Access Credit Union
Graham, David
Tatogga Lake Resort
Maid Pro Leduc
Dr Generosity
Abrams, Chris
Kay-Vee Lodge
Roberts, Dawn
Jani King
Town of Gillam
Timms, David
Christian Victory Church
Gendron, Louise
Stewart, Rhonda
Tim Hortons Vancouver
Dionne, Stephanie
D-7 Properties Roslyn
Maid Pro Greenwood
Hawkes, Beth
The Granite Guys
Nickerson, Jacqueline
Capstick, Beverly
Acadian Construction
Total
Future Pmt
0-30
20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
31-60
61-90
55.37
91-120
-55.37
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
1031
1037
1040
1043
1046
1049
1052
1055
1058
1061
1064
1067
1070
1073
1076
1079
1082
1087
1090
1093
1096
1100
1108
1111
1114
1117
1122
1126
1129
1132
1136
1139
1143
1148
1155
1158
1165
1171
1179
1182
1185
1188
1191
1194
1197
1200
1205
1208
1211
1214
1217
1220
1223
1226
1229
1232
1237
1240
BP Number
313588
313691
313800
313859
313996
314089
314420
314559
314629
314894
315201
315423
315625
315631
315637
315662
315666
315730
315843
317412
318666
319053
320051
320155
321348
321504
321995
322122
322129
322710
322823
323018
323088
324107
326052
328055
328670
330675
332030
332046
332067
332284
332858
333326
333437
333467
333605
333693
333757
333758
333933
334138
334268
334323
334497
334763
334840
334842
Customer
Whistler Blackcomb
Islamic Society of Cumberland
Bernier, Yvonne
Martyn, Gerry
Visser, Tiffany
Southeast Nunavut Co Ltd
PCC #240
Jurasits, Margaret
Hartle, Doug
Uni Village Day Care
Goudeon Insurance Brokers
Newman, Beth
Bradshaw. James
Johannesson, Konrad
Proudman, Colin
Cox, Marilyn
Heaver, Mary
Sodexo Services BC
Couillard, Gilles
Dynamic Equipment Rentals
Harris Meats
Corbek Services
City of Wpg Centennial Pool
TND
Morfit Training
Melnick Motors
Penner, Greg
City of Winnipeg Municipal Acc
Corydon Hardware
Adrian, Janna
michaels*
Mighty, Ian
Janzens Paint & Decorating
Adelmann, Tim
Hudson's Bay Railway
Steamworks
Thompson Plaza
Jysk Leila
Akman Construction
Sklar Agencies
The Historic Skagway Inn
Moore, Debra Jean
DeYoung, Keith
DMW Floors
Vernon Physiotherapy #102
255 Wellington
Brennan, Allan
Mrowka, Gregg
Bloomfield, Evan
Bethany Pentecostal Chapel
Rita, Burton
Denson Janitorial Service
Trane Canada
Birch, Elisabeth
Winnipeg Condo Corp #89
Winnipeg Old Country Sausage
Epic Opportunities
Needham, DW
Total
Future Pmt
0-30
20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
31-60
20.29
61-90
-20.29
91-120
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
1243
1246
1249
1252
1255
1258
1261
1264
1269
1272
1275
1278
1281
1284
1287
1290
1293
1297
1300
1305
1308
1316
1319
1324
1327
1331
1338
1341
233
712
34
1151
202
1168
1153
755
1120
262
748
954
40
1311
737
595
49
463
81
933
773
865
919
204
1106
925
719
606
741
260
BP Number
334848
334967
335056
335265
335314
335323
335351
335355
335431
335492
335539
335563
335566
335717
336050
336316
336519
336521
336618
336677
337230
337370
337521
337776
337875
338785
338991
339022
119814
185550
102194
324431
116991
329826
325520
186403
321656
127016
186192
311995
102321
337262
185628
166121
103098
142937
106046
309850
186529
194654
305603
117188
319637
308145
185608
168836
185963
126808
Customer
Yellow Point Drywall
Sherwood Developments
Craplewe, Dennis
Smith, J
Celestial Church of Christ
Consumer Care Wilma
Ackley, Debbie
Student Housing & Residence Life
Associated Maintenance Serv Ltd
Performance Healthware Ltd
Pincombe, Alan
Nye, Murray
Midway, Ron
Bagot, Sam
Pyett, Ross
Cedar Lodge Dundurn
My Gym
Ye Olde Card Shoppe
Super Thrifty Drugs
Micu, Florin
Swish Vancouver
Morden Golf Course
McMurray Law Office
Custom Computer Centre
Zaveco Ltd
Pirness, Eldon
Smith, Dianne
Royal Steam Carpet Cleaning
Best Western Plus Orangeville
Tanshaw Sanitation Inc.
Lubavitch, Chabad
Trautwein, Sig
Magnus Poirier Funeral Home Inc.-St Leonard
Malloway & Eliason Insurance
Best Western Plus Wpg West
A Miracle Sanitation Supply
Dauphin Express Inn
All City Vacuum
Barnay's
Players Sports Bar
Chicken Chef - Lac du Bonnet
Gumbusters
1136 Main Street
Bowling Sales of Canada
Days Inn Barrie
Bunzl Canada Kingston
Ivory Restaurant
New Lincoln Motor Inn
Demand Janitorial
Russell Personal Care Home
Staybridge Suites Guelph
Valhalla Inn Thunder Bay
Petros Hair Design
Village at Smith Creek Baptist Housing
Westmark Whitehorse
Best Western Valemount Inn & Suites
Curtis Gordon Motor Hotel
Brydges Propery Management
Total
-548.58
-467.43
-352.9
-240.23
-111.87
-108.26
-94.92
-55.94
-52.5
-39.15
-36.75
-31.68
-27.45
-20.52
-0.01
39.15
45.77
50.79
56.39
67.8
110.74
116.55
118.54
133.34
136.79
146.79
164.17
182.18
212.1
230.36
258.77
Future Pmt
0-30
-548.58
-467.43
31-60
61-90
46.73
-46.73
-522.06
169.16
91-120
-108.26
-31.68
-0.01
45.77
67.8
110.74
116.55
379.68
182.18
212.1
230.36
258.77
20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
3.39
133.34
120+
-240.23
-111.87
-94.92
-55.94
-52.5
-39.15
-36.75
-27.45
-20.52
39.15
50.79
53
118.54
-242.89
146.79
164.17
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
1104
1336
1174
552
856
1322
775
171
1161
134
1334
822
143
293
739
400
BP Number
319435
338896
330995
161800
192140
337691
186540
112065
328185
109242
338815
187528
110402
131787
185634
137088
Customer
Maple Ridge Seniors Village
Community & Youth Corr Services
I.T.B. Mfg Co.
YMCA Orillia
St. James Bowling
Southeast Missouri State University
Direct Buy Winnipeg
Swish Marrin
Days Inn Berry & Sargent
Oakbank United Church
Rivercrest Childs Care
Best Western Charter House Hotel
River East School Division No.9
Best Western Governors Inn
Clean Scene
ADS Cleaning Services
Total
Future Pmt
261.45
268.92
297.8
306.51
337.82
338.28
341.25
372.49
409.01
517.54
537.77
763.88
790.37
899.48
909.65
1140.96
0-30
261.45
268.92
306.51
337.82
-26
110.74
517.54
537.77
763.88
91.3
899.48
1140.96
20140331-AR1-THEAXEHOUGHTONGROUPINCTATHEORE.(4)
31-60
338.28
372.49
275.67
61-90
91-120
367.25
22.6
699.07
909.65
% >90 Days
CANADA
CANADA
297.8 CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
120+
INTERNATIONAL ACCOUNTS RECEIVABLES
Line No.
BP Number
March 31, 2014
Customer
Total
EDC Approval Validation:
Future Pmt
Balance $
$
-
0-30
31-60
61-90
91-120
120+
Approved $ Excess $
$ 200,000 $
$
-
$
-
$
-
$
-
$
-
$
-
$
-
ACW
Line No.
BP Number
24
1
22
58
27
12
9
7
30
55
95
885
1098
1096
1061
1086
880
918
53
191
806
853
804
1088
839
824
703
867
859
861
826
631
80
601
102
842
16
587
125
808
921
869
1066
193
708
320566
120710
320403
337801
320583
309803
181897
131987
321286
312572
312577
333389
338934
338593
337091
338210
332291
333599
309394
312599
321117
330505
320912
338277
326487
321709
320584
331841
331248
331447
322087
320579
312575
320342
312590
329570
136221
320327
312593
321301
333622
331906
337378
312601
320702
Customer
Handy Hardwares
The Sportsman's Guide U.S.
Ripley's Vacuum Center
SHOP.CA Network Inc.
Unbeatablesale.com
Hayneedle
Empire Distributing
ABC Vacuum Warehouse
SHOPHQ
Air & Water
Bluestem Brands Inc
ATG Stores Canada (Lowes)
Tomlin, Terry
Andress, James
Weber, Gina
Geerlings, Evan
Stewart, Perry
Farr Tech Heat
Griffin's Vacuum
Sylvane
I-Market
The Vac Shack
Kmart
Doucette-Sperr, Bernadette
Global Equipment Co Inc
AJ Madison
Wayfair
Newegg.com Marketplace
Rothenberg, Jeffrey
The Vacuum Doctor
Amazon.com.ca
SEARS
ATG Stores
BJ's Wholesale
Overstock.com
Amazon.com ACW
Northern Tool + Equipment
Amazon.com
QVC
Spectacular Products LLC
Bestbuy.com
Heartland America
Groupon USA
Homedepot.com
OPJ, LLC
Total
Future Pmt
0-30
31-60
61-90
91-120
1,776,535.34 $
$ 1,670,556 $ 110,062 $
5,702 $
1,246 $
-1134.31
-668.01
-147.44
-147.44
379.85
379.85
412.53
412.53
455.88
307.44
148.44
476.3
-358.24
834.54
6570.6
6570.6
1593325.49
1593325.49
-8119.23
-1851.96
-244.94
158.92
-2461.23
-2412.42
766.53
-1234.28
-212.65
104.25
-668.42
-668.42
-665.07
-665.07
-553.64
-553.64
-442.25
-442.25
-272.13
1.56
112.42
-110.86
27.74
27.74
104.35
104.35
155.18
155.18
197.56
197.56
198.33
198.33
222.32
222.32
356.98
105.48
459.99
459.99
473.77
473.77
483.89
483.89
576.45
685.83
685.83
863.28
515.24
457.65
90.4
1053.88
47.26
-1831.44
784.14
1514.88
-553.11
2067.99
1842.77
1842.77
1849.93
1849.93
3556.28
3556.28
3757.22
2238.1
1519.12
3806.16
506.14
3391.36
1067.92
6706.35
4728.23
1978.12
7046.88
7046.88
8710.76
6655.24
2055.52
23884.08
12804.08
11080
35790.53
35790.53
43970.85
37484.35
1078.84
5407.66
44161.04
3082.04
41079
120+
(11,031) Country of origin
-1134.31 USA
-668.01 USA
USA
USA
USA
USA
USA
USA
USA
-6181.25 USA
-2461.23 USA
-1836.27 USA
USA
USA
USA
USA
-272.13 USA
USA
USA
USA
USA
USA
USA
USA
251.5 USA
USA
USA
USA
576.45 USA
USA
-200.01 USA
2053.92 USA
USA
USA
USA
USA
USA
-1159.26 USA
USA
USA
USA
USA
USA
USA
USA
B) Aged List of Accounts Payable - Trade ($CDN)
Line No. BP Number
31-Mar-14
Vendor
Total
$
136
173
513
549
780
783
802
849
882
891
894
941
960
978
990
993
998
1008
1013
1028
1034
1044
1057
1095
1098
1107
1225
243
885
156
488
419
100
958
625
13
552
523
1128
1113
77
192
1234
1231
66
953
1
1066
1173
1180
1165
1054
963
493
1121
150
91
502
200145
200202
200351
200418
200489
200498
200557
200580
200643
200663
200666
200687
200713
200745
200750
200755
200759
200782
200785
200816
200870
200882
200904
279882
279894
279937
290076
200236
200660
200189
200272
200262
200109
200692
200469
200050
200432
200354
290024
290017
200088
200208
290081
290080
200079
200691
200007
200909
290036
290040
290026
200889
200739
200279
290021
200186
200102
200292
Google
Manitoba Hydro
UNI Marketing Alliance (WebHost4Life.com)
Soperfreeman
Diamond Ice Systems
Earthwise Technologies Inc
IPD Global USD, Inc.
Handy Hardware US
Prism Studios Inc.
T2M Productions LLC
Jin Hong Trading Co.
Webgains USA
Briefings Publishing Group
Epic Express
Melnyk, Glen
BW Incorporated
eMotion Picture Studios
Sameday(Seko)Worldwide..(CDN)
World Bright Inc
Paymate
Metlife
Kio Trend
Translink Shipping Inc
City of Winnipeg-Water & Waste
Parson Plumbing & Heating Co Ltd
Dongguan Uniclr Co. Ltd
Eurasia Logistics
Oreck Sales USA.
Living Well Company
Kingstar Media
Receiver General
Purolator Courier..
Edmar Corporation
Fine Line.
Purolator Freight, (Division of Purolator Courier Ltd...
Canada Post Corporation
Sameday..
UPS.
YRC Freight(Axe)
TruEffect, Inc.
Day & Ross.
Mid Canada Production Services
Mavrick Consulting
Kuehne+Nagel
Cp Industries
American Comfort Worldwide, LLC
ABF Freight System Inc
Frank Digital
Oxygen Technical Services Ltd.
Nawrocki, Rooney & Sivertson, P.A.
Knotice
Reliable Products International LLC
CommerceHub
Rogers Wireless
Encaptis Business Solutions Inc.
Kellett Copy Centres.
DLA Piper Rudnick Gray Cary LLP
Shippers Supply Inc
1,045,729
-471308.87
-135347.93
-83564.94
-68762.46
-43966.89
-26294.32
-20233.14
-12695.04
-11809.81
-11378.06
-10477.24
-10104.32
-8351.63
-7196.11
-6898.42
-6699.36
-6001.94
-5804.6
-5772.55
-5607.74
-4885.83
-3249.75
-2541.05
-2209.02
-2199.42
-2120.87
-1809.29
-1523.82
-1218.77
-1167.85
-1141.75
Future Pmt
$
-
0-30
$
31-60
(251,612) $
61-90
111,977
-189389.34
-330915.22
-33486.42
-68762.46
-534.27
5175.54
-50078.52
11945.44
-20158.69
5678.11
-10477.24
-1326.49
-20631.6
-20233.14
-13492.32
8348.88
-9912.49
39017.65
10090.76
-12152.51
-5772.55
-5607.74
6347.19
5709.96
-935.42
2415.16
-1218.77
-1141.75
801,666
$
338,815
845
7072.8
% >90 Days
120+
$
44,883
256250.97
-132463.3
-299353.45
92098.17
-2884.63
-592.04
-24108.25
1899.27
-31469.86
-5675.5
-13551.79
8079.13
-4871.96
4297.78
-6569.5
-20883.14
-29009.74
2097.4
-18442.39
-7196.11
-7513.3
614.88
-6699.36
-5822.5
$
91-120
-6001.94
-4299.58
4300.3
-306.58
-2778.43
-606.38
-4885.83
-11374.87
-1488.49
-2209.02
-2199.42
-2012.84
-2186.36
-917.44
-319.05
-848.8
-117.14
-646.45
1905.2
Line No. BP Number
Vendor
864
200589 Higher Power Marketing
1236
290082 Pamco Printers
490
200273 Red River Messenger Courier.
94
200103 Kirton, Donn
868
200634 BFI Canada
1228
290077 Pitney Works
1277
290096 SDM Retail
537
200391 World of Water
988
200747 Acryl Design Ltd
797
200505 Yellow Pages Group
529
200359 Van Houtte Coffee Services Inc..
106
200138 Geo. H. Young & Co. Ltd
1168
290030 Poulin's Pest Control
1217
290047 Oreck Centres of Ontario
1223
290064 Joytv10
1271
290092 Professional Warehouse Demonstraitions
1126
290023 T.E.A.M.S
976
200744 Lambskin Specialties
1221
290052 Miracle Sanitation Supply Co. Ltd.
1257
290088 RMS
889
200662 A. Miracle Sanitation Supply Co. Inc.
416
200261 Promat Services Ltd
795
200501 Clarke Transport
171
200199 Loomis
98
200105 DSI Security Systems.
411
200253 Pitney Bowes
1219
290049 Trademark Printing
1188
290041 Cade's Forklift
531
200376 Westfax.
951
200689 Constant C Technologies
800
200514 Misc.- US
1284
300000 Hutton, Brent
506
200307 Staples Business Depot
511
200343 Tradebank
899
200668 Shane, Dan
89
200096 DHL Express
777
200479 Rene's Courier..
1190
290045 Bison Transport
212
200222 MTS Allstream Inc.
1037
200881 IJS Global (Netherlands) BV
40
200067 CJOB/CJKR-FM
1093
210000 preferred Pallets
623
200459 Damar Worldwide 4 LLC
116
200141 GHY USA
1239
290084 Jiangmen Posi Refrigeration Appliance Co., Ltd
621
200455 CSA (Coordinated Strategic Alliances Inc.)
74
200080 Cristall Group Investments
1017
200786 Shenzhen Josen Industrial Co. Ltd
805
200558 SPS Commerce, Inc.
939
200676 JHS Electrical Co.-Dongguan
1264
290089 DSX - Port Inc.
1111
280004 Ernst & Young
1275
290093 Shenzen Ningwe
1245
290087 Frontier Supply Chain Solution
6
200012 Aikins, Macaulay & Thorvaldson LLP
1048
200883 Thinker Electric Appliance Co., Ltd
1031
200826 Swissies AG
871
200642 Coordinated Strategic Alliances, Inc
1090
200912 Millenium Distributors Inc.
1020
200812 King Post Industrial Co. Ltd
Total
-1083.73
-1069.9
-1006.05
-900
-786.07
-717.61
-648.14
-646.82
-613.95
-577.08
-457.91
-421.88
-419.58
-399
-393.75
-364.8
-250
-249.38
-214.03
-171.28
-157.5
-134.77
-131.78
-110.53
-105.81
-96.24
-81.85
-81.66
-73.44
-70.01
-58.67
-42.44
-42.15
-33.84
-17
-11.52
16.39
16.91
179.85
231.73
378.75
522.21
1132.71
1207.73
1808.89
1814.21
2104.89
2491.44
3125.69
5552.73
5972.26
10000
13263.75
17056.92
17531.53
17557.62
19019.47
35692.28
57504.9
60214.66
Future Pmt
0-30
31-60
61-90
120+
% >90 Days
-1083.73
-1069.9
91-120
-1006.05
-417.64
-15
-381.96
-646.82
-288.54
-457.91
-355.48
-300.51
-3040
-250
-613.95
-288.54
-66.4
9084.53
-119.07
-302.07
358.53
-33.84
-1071.4
-545.88
-81.66
-58.67
2104.89
-399
-393.75
-110.53
-38.19
1132.71
952.18
-9084.53
2675.2
-105.81
-96.24
-81.85
-404.39
-239.55
-99
-702.61
-266.18
676.67
-157.5
-134.77
16.39
-900
-368.43
-400.68
-131.78
-35.25
-70.01
-42.44
-17
-11.52
8552.05
584.24
420.01
-11996.25
-8552.05
-1553.75
-199.71
27457.44
1814.21
11034.65
-46930.55
-9229.59
21282
829.14
-35.77
-3.96
-155.2
522.21
13263.75
-265.34
-84364.02
12804.33
3084.85
17791.02
117415.53
-26919.47
1570.66
206.47
12474
5972.26
17056.92
-7203.13
-15493.89
-249.38
-214.03
-1349.8
2491.44
3407.68
5552.73
10000
25000
-26553.72
19019.47
76361.14
54420.05
42423.64
Line No. BP Number
Vendor
1103
279913 Leo Zhang
1061
200907 Temp-Tations Operating
1281
299997 CRA
902
200671 YOAU ELECTRIC
Total
65133.85
84789.27
485446.65
1130944.49
Future Pmt
0-30
13816.25
73597.25
31-60
-36708
61-90
51317.6
47900.02
540690.37
565279.14
91-120
485446.65
202464
120+
-177489.02
% >90 Days
B) CREDIT CARD PAYABLES
Account - Description
Centurion Amex 2008-2016
Platinum Amex 2003-1013
Corporate Amex 71001
Visa RBC 6162 USD
VISA RBC 2204 - Justine
$
Total
498,631
$
786.14
$
-
Future Pmt
$
-
0-30
$ 498,631
$
786.14
$
331,519.00
$ 331,519.00
$
161,583.00
$ 161,583.00
$
4,743.00
$
4,743.00
$
31-60
-
$
61-90
-
90 +
$
-
C) INVENTORY
31-Mar-14
Account - Description
Total Inventory
13000000-01-00 - New . Oreck Retail Vacuums
13000002-01-00 - New . Oreck Air Purifiers
13000004-01-00 - New . Free Gift Inventory
13000006-01-00 - New . Oreck Commercial Vacuums
13000008-01-00 - New . Fast Commercial Vacuums
13000010-01-00 - New . Dehumidifiers
13000020-03-00 - New . Comfort Furnaces (BENTEL)
13000022-03-00 - New . RedCore Heaters (BENTEL)
13000024-03-00 - New . Heatstorm Heaters (BENTEL)
11399999-01-00 - Freight & Duties . Landed
13013013-01-00 - Goods Clearing
13000014-01-00 - New . Plasma Cool Air Conditioning
13000026-01-00 - ACW Heaters
13000005-01-00 - OCO Inventory (AXE, Finance )
13000017-01-00 - New - FANS
13100002-01-00 - WIP . Oreck Air Purifiers
13100000-01-00 - WIP . Oreck Retail Vacuums
13100006-01-00 - WIP . Commercial Vacuums
13100010-01-00 - WIP . Dehumidifiers
13100005-01-00 - WIP . Fast Vacuums
11320500-03-00 - WIP . Comfort Furnaces (Bentel)
11320005-03-00 - WIP . Red Core Heaters (Bentel)
13100026-01-00 - WIP . ACW Heaters
13100012-01-00 - WIP . Portable furnaces
11320005-01-00 - WIP . Plasma Cool Air Conditioning
11330000-01-00 - Demo . Oreck Retail Vacuums
11330050-01-00 - Demo . Oreck Air Purifiers
11330015-01-00 - Demo . Oreck Commercial Vacuums
11300150-03-00 - Demo . Comfort Furnances (Bentel)
11330000-03-00 - Demo . Red Core Heaters (Bentel)
11330007-01-00 - Demo . ACW Heaters
$
2,128,273.94
34462.05
132149.03
49268.73
9515.98
15164.6
1996.53
68363.21
9936.08
276.33
574676.75
-132.77
65298.21
57746.95
29820.53
-5342.04
112135.64
12068.54
712.02
99.87
319.29
192167.16
1657.76
139155.02
6133.88
170719.03
30243.95
66940.76
818.45
80382.07
35332.09
38054.18
C) INVENTORY
Account - Description
Total Inventory
13000026-04-00 - New . ACW . Heaters (ACW)
13000000-04-00 - New . ACW . Air Conditioning (ACW)
13000027-04-00 - New . Heatstorm . Heaters (ACW)
13000025-04-00 - New . Red Core . Fire Places (ACW)
13000004-04-00 - ACW New. Free Gift Inventory
13000002-04-00 - ACW New Air Purifiers
13000017-04-00 - New ACW LifeSmart Fans
13100026-04-00 - WIP . ACW . Heaters (ACW)
13200027-04-00 - WIP . Heatstorm . Heaters (ACW)
13100000-04-00 - WIP . ACW Air Conditioning (ACW)
13100022-04-00 - WIP . Red Core . Heaters (ACW)
13100025-04-00 - WIP . Red Core . Fire Places (ACW)
13100002-04-04 - WIP ACW Air Purifier
13100001-04-00 - WIP - ACW . Oreck Retail Vacuum
13200026-04-00 - Demo . ACW . Heaters (ACW)
13200000-04-00 - Demo . ACW . Air Conditioning ACW)
13200022-04-00 - Demo . Red Core . Heaters (ACW)
11330050-04-00 - Demo ACW Air Purifier
11330000-04-00 - ACW Demo. Oreck Retail Vacuums
31-Mar-14
$
772,235.97
$96,431.66
$196,174.33
$230.78
$88,740.42
$18,528.04
$214.90
$91,924.15
$539.96
$220,786.52
$45,708.01
$15,412.77
$560.51
$236.76
$19,726.25
$25,061.50
$40,411.30
$8,099.01
-$119.24
__________________
B) Aged List of Accounts Payable ACW - Trade ($UDS)
Line No. BP Number
31-Mar-14
Vendor
Total
$
164
1
5
157
16
130
67
95
89
128
195
145
70
22
198
76
25
100
58
32
290051
200707
200855
290020
200860
279936
279918
279928
279927
279932
290078
280002
279920
200864
290094
279925
200867
279930
200900
200877
Source Network Sales & Marketing, Inc
Hub
ABF Freight System(ACW)
Shenzhen Josen Industrial - for ACW
City of Cookeville
Commerce Hub(ACW)
Cumberland Containers
Verizon Wireless (Acw)
Twin Lakes Telephone Cooperative
AmeriGas
Data Intergration Specialists, LLC
Priority Worldwide Services
Grainger
FEDEX(ACW)
Golden, Travis
Regus Management Group, LLC
JHS Electrical ACW
YRC Freight (Acw)
Hecny Transportation Inc
UPS(ACW)
(39,208) $
-23368.11
-12907.25
-5254.67
-3644.95
-3492.83
-3190.81
-2284.39
-2182.69
-135.25
-106.67
-4.2
34.75
319.27
339.81
798.05
1126.3
1304.62
3171.49
4567.03
5702.05
Future Pmt
-
0-30
$
31-60
(43,580) $
-20347.41
-2778.74
-3394.81
-3420.95
-2284.39
-2632.64
-240.54
-106.67
798.05
-360.81
61-90
379,751
$
91-120
45,199
367751.85
7440.16
-2486.72
1336.74
-20.95
48396.15
439.45
110.26
10.5
-4.97
-15618.4
-77.07
4149.82
$
249958.75
10.79
-588.49
-1374.76
-5729.64
6215.19
$
(678,072)
-689474.86
10636.71
-3331.19
-4.2
34.75
319.27
339.81
-3081.17
% >90 Days
120+
257,494
3.4
-493.3
-1444.35
4567.03
5216.5
8605.96
1977.01
1304.62
465.81
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.9. June Margin Reporting
Axe Houghton Group Inc. – Interim Report
PwC
28
Schedule D
Schedule "D" to the Agreement dated April 11, 2011, between The Axe Houghton Group Inc, as Borrower, and Royal Bank of Canada, as the
Bank
BORROWING LIMIT CERTIFICATE
I, Ben Cohen, representing the Borrower hereby certify as of month ending
June 30, 2014
1. I am familiar with and have examined the provisions of the Agreement dated January 26, 2011 and any amendments thereto, between
The Axe Houghtong Group Inc., as Borrower, and Royal Bank of Canada, as the Bank and have made reasonable investigations of
corporate records and inquiries of other officers and senior personnel of the Borrower, Terms defined in the Agreement have
the same meanings here used in this certificate.
2. The Borrowing Limit is
$
5,000,000
calculated as follows:
Total EDC Accounts Receivable
Less:
a) Accounts, any portion which exceeds 90 days
Add: OPP Retail Accounts exceeding 90 days as Excluded (g), Below
b) Accounts Due from affiliates
c) Accounts where collection is suspect
d) "Under 90 days" Accounts where collection is suspect
e) Accounts subject to prior encumbrances
f) Holdbacks, contra-accounts or rights of set-off
g) Other ineligible accounts
Wholesale - Excluded Amounts
EDC Excess Limit Amounts
Plus:
Other . Revenue Canada Corporate Tax refund
Good EDC Accounts Receivable
$
$
$
$
$
$
$
$
$
$
3,599,583
696
(1,357,597)
$ (1,356,901)
(A)
$
$ 2,242,682
90.0%
Marginable Good EDC Accounts Receivable
$ 2,018,414
Plus: Non . EDC Accounts
ACW . ShopNBC
$
1,357,597
Excess $ EDC accounts
Distributor
Wholesale
Whosale - ODS
International
Marginable Good Non EDC Accounts Receivable
$
$
-
$
1,357,597
$ 1,018,198
75.0%
(B)
$ 3,036,612
Total Marginable Inventory:
(i) Inventory in Transit:
Inventory in Transit supported by purchase orders
$
897,588
(ii) Unencumbered Inventory supported by confirmed purchase orders:
Total Inventory held in Canada . New
$
Total Inventory held by customer
$
Total Inventory held in ACW . New
$
Less:
1,425,648
625,850
1,482,184
i) Inventory subject to prior encumbrances
ii) Inventory subject to 30 day supplier payables
iii) Other non qualifying inventory
$
-
$
$
-
(C)
$
3,533,681
(E)
50.0%
(D) $
448,794
50.0%
(F)
$ 1,766,841
(G)
$
Total Potential Prior-Ranking Claims:
Sales tax, Excise & GST
$
(20,000)
Employee source deductions (EI, CPP, Income Tax)
$
(13,868)
Workers Compensation Board
$
-
Wages, Commissions, Vacation Pay
$
(13,228)
Unpaid Pension Plan Contributions
$
-
Overdue Rent, Property & Business Tax and potential claims from 3rd parties
Other
$
$
-
C:\Users\mbyiers001\Desktop\20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
Borrowing
Limit (B+D+F+G)
(47,096)
$ 5,205,150
Less: Operating Facility
Margin Surplus (Deficit)
$
$
3. Annexed hereto are the following reports in respect of the Borrower:
(a) aged list of accounts receivable (b) aged list of accounts payable (c) aged list of EDC insured accounts receivable supported by Direct
to Pay on EDC form E-6 (d) status of inventory (e) listing of Potential Priority- Ranking Claims (f) listing of prior-ranking Claims.
4. The reports and information provided herewith are accurate and complete in all respects and all amounts certified as potential
prior-ranking claims are current amounts owing and not in arrears.
Dated this day of :
June 30, 2014
Per:
Name: Ben Cohen
C:\Users\mbyiers001\Desktop\20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
5,000,000
205,150
A) Aged list of Accounts Receivable ($CDN)
30-Jun-14
Future
0-30
Distributor
Wholesale
Wholesale - ODS
Commercial
International
ACW
OPP - On Payment Plans
$
-
31-60
61-90
90 +
$
$
$
$
$
$
175,287
1,338,646
(8,116)
1,458,462
$
$
$
$
$
$
35,232
7,184
(816)
(1,688)
$
$
$
$
$
$
14,893
584,502
1,758
(358)
$
$
$
$
$
$
$
2,964,279
$
39,911
$
600,795
$
Total
1,257
12,515
(3,048)
(16,124)
$
$
$
$
$
$
226,668
1,942,847
(10,223)
1,440,291
(5,401) $
3,599,583
Accounts Recievable with any portion >90 days:
Distributor
Wholesale
Wholesale - ODS
ACW
Commercial
International
OPP - On Payment Plans
1,257
12,515
(16,124)
3,048
$696
c
Accounts Recievable with any portion <90 days is <10%; or Bank Accepts as a Good Account:
Distributor
Wholesale
Wholesale - ODS
Commercial
International
OPP - On Payment Plans
Net Total Accounts Receivable
( i + ii + iii )
$3,600,279
90 +
Total
$
497,356
$ 1,381,983
$
(88,140)
Summary of the Annexed Reports in respect of the Borrower:
$
$
$
0-30
497,356 $
14,865 $
(4,619) $
C) Aged List of Insured EDC Accounts Receivable ($CDN)
Future
0-30
Total AR (Above)
$
$
1,247,995
Less ("Non-EDC $"):
OPP Accounts
$
$
TVS Chat
EDC $ Limit Adj:
Distributor
$
$
Wholesale
Whosale - ODS
$
$
International
$
$
$
$
1,247,995
$
31-60
61-90
$
412,866 $
(19,766) $
31-60
39,911
$
(ii)
na
na
na
na
na
na
$0
B) Aged list of Accounts Payable ($CDN)
Future
Credit Card
$
Trade Payables CDN
$
Trade Payables ACW
$
-
(i)
166,101
9,923
$
$
$
61-90
600,795
$
788,152
2,255
90 +
Total
(5,401) $ 1,883,299
$
-
$
-
$
-
$
-
$
-
$
-
$
$
$
39,911
$
$
$
600,795
$
$
$
$
$
-
$
$
$
$
(5,401) $ 1,883,299
D) Status of Inventory
$ 1,425,648
E) Listing of Potential Prior-Ranking Claims
$
(47,096)
E) Listing of Supplier Payables having 30 day repossession rights over inventory
$
-
(iii)
Accounts Recievable - as at:
June 30, 2014
Total
%
Distributor
Wholesale
Wholesale - ODS
Commercial
International
Acw
OPP - On Payment Plans
A1 - Collections
Air Conditioning
ISC
Oreck
6.3%
54.0%
0.0%
-0.3%
0.0%
40.0%
0.0%
100.0%
$
$
$
$
$
$
$
$
Future Pmt
226,668
1,942,847
(10,223)
1,440,291
3,599,583
$
$
$
$
$
$
$
$
115,565
176,337
(8,136)
1,432,518
283,766
100.0%
0-30
$
$
$
$
$
$
$
$
31-60
59,722
1,162,309
20
25,944
1,247,995
7.9%
$
$
$
$
$
$
$
$
61-90
35,232
7,184
(816)
(1,688)
39,911
34.7%
$
$
$
$
$
$
$
$
91-120
14,893
584,502
1,758
(358)
600,795
1.1%
$
$
$
$
$
$
$
$
120 +
1,257
3,114
(3,048)
(16,124)
$
$
$
$
$
$
$
(14,803) $
16.7%
9,402
-0.4%
0-30
31-60
61-90
91-120
120 +
51.0%
9.1%
0.0%
0.0%
0.0%
26.3%
59.8%
0.0%
0.0%
0.0%
15.5%
0.4%
0.0%
8.0%
0.0%
6.6%
30.1%
0.0%
0.0%
0.0%
0.6%
0.2%
0.0%
29.8%
0.0%
0.0%
0.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.3%
Accounts Recievable - as at:
May 31, 2014
Total
%
Distributor
Wholesale
Wholesale - ODS
Commercial
International
ACW
OPP - On Payment Plans
A1 - Collections
Air Conditioning
ISC
Oreck
Future Pmt
9,402
-
8.6%
41.0%
0.0%
0.3%
0.0%
50.2%
Future
$
$
$
$
$
$
338,674
1,622,608
9,966
1,989,812
$
$
$
$
$
$
3,961,060
0-30
$
218,161
$
$
$
12,127
$
$
214,471
$
31-60
218,146
926,913
$
$
(109) $
1,288,901
$
61-90
62,993
458,260
91-120
120 +
Future Pmt
$
$
3,564
24,221
$
$
28,629 $
(918) $
25,342
(4,029)
(762) $
1,999
$
872
$
(4,161)
183,753
$
6,611
$
(14,991)
311,067
$
0-30
31-60
61-90
91-120
120 +
0.0%
13.4%
0.0%
121.7%
0.0%
0.0%
57.1%
0.0%
-1.1%
0.0%
18.6%
28.2%
0.0%
0.0%
0.0%
1.1%
1.5%
0.0%
0.0%
0.0%
8.5%
-0.1%
0.0%
8.7%
0.0%
7.5%
0.0%
0.0%
-41.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
100.0%
$
230,288
5.8%
$
2,433,851
$
831,558
$
213,537
$
35,194
61.4%
21.0%
5.4%
0.9%
$
2,161
0.1%
Average Days - AR - Current Month
60.3
Sales - TTM:
23,706
Ttl AR:
4,176
.
3,655
Average Days - AR - Prior Month
56.6
Sales - TTM:
23,487
Ttl AR:
3,655
.
3,627
Average Days - AR - 10
58.0
Sales:
22,414
Ttl AR:
4,214
.
2,910
Average Days - AR - 09
62.1
Sales:
15,754
Ttl AR:
2,910
.
2,447
(i) TTM = Trailing Twelve Months
C:\Users\mbyiers001\Desktop\20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
DISTRIBUTOR - ACCOUNTS RECEIVABLE
Line No.
BP Number
June 30, 2014
Customer
Total
Future Pmt
0-30
31-60
61-90
91-120
120+
EDC - Excluded Accounts:
EDC Approval Validation:
309054 Costco Wholesale
197167 Best Green Technologies (Matt Sullivan)
140387 Northern Response Retail CDN
$
$
1
16
30
36
54
64
66
1117
1136
1153
1156
1158
101999
112263
172141
173770
178057
304714
309054
313432
322413
328737
337587
338940
Canadian Barter
The Bay
Brand Developers Ltd.
Shark Technology SRL
Portable Comfort Store Golub Mark
Marshall Fabric
Costco - Wholesale
Opielka, Martin Germany
Mark Golub - Amazon.com
Century Writeups & Consultancy Ltd
KIO TREND Customer
Costco.com US
Balance $
76,762
Approved $
$ 2,000,000
$
50,000
$
200,000
226,668 $
5743.79
-34.68
31.01
33965.41
844.2
220.5
76762.16
24956.91
1913.45
71873.38
28472.2
-18080.04
$
$
$
$
115,565 $
5743.79
Excess $
59,722
937.5
844.2
76762.16
24956.91
500.6
6757.17
$
35,232
$
14,893
$
1,257
-34.68
-906.49
33965.41
220.5
342.13
71873.38
-13430.94
1070.72
2172.94
28472.2
-13579.21
$
-
Contry of Origin
CANADA
CANADA
NEW ZEALAND
ROMANIA
CANADA
CANADA
CANADA
GERMANY
CANADA
USA
USA
USA
WHOLESALE - ACCOUNTS RECEIVABLE
41,820.00 CUNTRY OF ORIGIN
Line No. BP Number
Customer
Total
EDC - Excluded Accounts:
132806
TVAChats
#REF!
EDC Approval Validation:
150635 Ace Hardware Corporation USA
301274 Ali & Sons Hardware True Value
130177 Windsor Plywood (Brandon)
168072 CTC - Canadian Tire
130945 Chadwick's and hack's
183308 Chediac Furniture & Appl.
199302 COSTCO WHOLESALE CANADA LTD
309054 Costco Wholesale
179121 Energy Wise Solutions
138014 Federated Co-op Ltd.
105704 Home Hardware
309267 Mister Sew Vac
160202 North American Lumber
301281 North Wellington Coop Services Inc..
140387 Northern Response Retail CDN
189205 Pleasant Supplies LTD. Tim-Br Mart
164198 Klimfax
140071 The Shopping Channel
183112 Sears Canada Inc.
197105 Sechelt Fire Place Ltd.
117162 Tip Top Parts - Surrey
191694 Slegg Construction Materials Ltd.
189204 King Street Tim-BR Mart
197256 CEFCO - A Division of Torbram Supply
112774 Vacuum Rebuilders Of Calgary
117186 Vacuum Specialists
303555 Windsor Building Supplies Ltd
301264 Country Depot Alexandria
301712 Country Depot Mitchell
189136 Kent Building Supplies
112652 7594828 Canada Inc. (TruServ Canada)
AXE Balance $
-
#REF!
-
1,942,846.58
1
6
19
22
25
28
31
34
37
43
46
51
61
68
225
231
100118
100293
100954
101105
101310
101320
101558
101688
101829
102472
102560
104329
104895
105452
106397
106986
A & J Supplies & Service
Alberta Vacuum Expert NW
Bedroom Vacuum Shop
Bert's Vacuum
Bob's Vac Shop
Bobby, Jim
Brantford Vacuum
Brown Shoe Co. Ltd.
Burnaby Sew N Vac
Clean More Service
Cole's Appliances Ltd. (001)
Four Seasons Sunrooms - Utica
Gopher Wood Inc.
Henry Vacuums
K-W Sewing machines
Labar Sales & Distribution
Future Pmt
#REF!
Approved $
500,000.00
20,000.00
50,000.00
1,000,000.00
20,000.00
40,000.00
1,000,000.00
650,000.00
150,000.00
500,000.00
500,000.00
15,000.00
160,202.00
20,000.00
200,000.00
30,000.00
75,000.00
1,000,000.00
200,000.00
20,000.00
100,000.00
60,000.00
50,000.00
50,000.00
30,000.00
30,000.00
150,000.00
20,000.00
20,000.00
350,000.00
250,000.00
176,337.40
0-30
31-60
#REF!
#REF!
61-90
#REF!
91-120
120+
#REF!
Excess $
-
-
1,162,308.51
7,183.55
584,501.86
3,113.50
9,401.76
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Line No. BP Number
Customer
240
108515 Mick's Vacuum
252
109352 Ontario Vacuum
257
110422 Roadside Antiques Grocery Store
267
112060 Elite Vac & services
282
113209 WCI Realty
285
113243 Schwartz, Enid
288
113807 Your Vacuum Superstore
292
113916 A Plus Vacuum Doctor
298
114036 Barron's Furniture
302
114121 Birtley Furnaces
305
114350 Charles Garcia Construction
309
114845 Golden Gate Enterprises
318
114846 Donald Caffero
321
116209 Shakopee Vacuum U.S.
329
116515 Vacuum Cleaner Outlet
334
116604 Weber Supply w
339
117000 Vacuum Unlimited
355
119985 Greffard's Saw Shop
360
122092 Bullseye Media U.S.
365
124482 Hoke-e-Geez,
U.S.A.
368
125456 B & B Sale LLC
374
126843 Peters Appl. Sales & Svc
377
127709 Tilley, Neville
386
128176 QC Supply
389
130177 Windsor Plywood (Brandon)
397
130946 Win-Leader Corp.
402
131981 AB Vacuum Center
410
135533 Blitz Appliance Service & Sales
444
139137 Ray's fireplaces
461
140950 Supplement Nutrition Plus
465
142845 Chernetz George
469
143178 Enviro Brite Industries collections
474
143331 JEB Supply Co. U.S.
581
153297 Going Fishing
729
163608 Mega Group USA (Best Brand Plus)
738
164941 Organic Source
741
165369 Cole, Bill & Lynette
749
167479 GR Enterprises
755
170275 Gilbert, Stephen
758
171498 Sexton Group Ltd.
762
173766 Superior wood product
769
175347 Floral Decor
774
176053 The Fire starter
782
176894 Dino's Appliances
940
184311 B.H. Allen Building Centre Rona
943
186175 Dewdney Enterprises Ltd.
947
186705 Coop Atlantic
950
187717 Pettis Pools & Patio
955
189049 Fireside True Value
966
189205 Pleasant Supplies LTD. Tim-Br Mart
969
190532 Birch Auto Farm Supply
978
191726 Val Est Ace Hardware
981
196730 Samy Profeta
984
197094 J & B of 14th Street
990
197105 Sechelt Fire Place Ltd.
996
197968 Windsor Plywood Williams Lake
1001
199949 Beachcomber Home Leisure
1004
301283 Windsor Plywood AIRDRIE
1015
301712 Country Depot Mitchell
1019
311122 Brazeau, Serge
1022
311174 Evans, Thomas
Total
Future Pmt
0-30
31-60
151.2
61-90
91-120
120+
168
-168
467.25
-467.25
401.15
-401.15
1215.2
-1215.2
-151.2
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Line No. BP Number
Customer
1025
311212 Graham, Pat
1028
311220 Dionne, Lynn
1031
312018 Sutherland, John (Rosseau, ON)
1034
312051 Scime, Joe
1037
312111 Lavoie, Odette
1040
312171 K Promotions
1043
312389 Larson, Leanna
1046
312627 Kirk, Maureen
1051
312715 Jeffries, Chris
1054
312794 Reid, Nancy
1057
312963 Sarasin, Francoise
1060
313626 Reid, Gloria (ON)
1063
313861 MacDonald, Gregory
1066
313886 Vine, Stuart
1069
314054 Provost, Helene
1072
314100 De Lamirande, Helene
1077
314123 Spring, Trudi
1080
314125 Smiley’s
1083
314324 Simard, Lisa
1086
314371 Allard, Giselle
1089
314580 Marshall, Jodi
1092
314582 Kings Vacuum
1099
314751 Rebiffe, Armand
1103
314804 Wilson, Doug (Minnedosa, MB)
1106
315092 Riediger, Catherine
1109
315203 Johnson, Bruce (Lyndhurst, ON)
1112
315227 North, Nancy
1115
315246 Tellier, Jean
1118
315281 Robinson-Pratt, Gale
1122
315294 Forbes Brothers
1125
315382 McLaren, Charles
1128
315417 Grace, Andrea MacKay
1131
315419 Steele, Jim
1134
315426 Allard, Shawn
1137
315492 Hunter-Gray Financial
1140
315596 Evans, Dave (Victoria, BC)
1143
315806 Hogue, Bob
1146
315877 Doolridge, Betty
1150
318453 AVI ELectronique
1154
318520 Guys Vac Shop
1165
323387 Giroux, Gabriel
1169
324825 Happy Camper RV Alberta ltd
1192
333984 Hometown Hardware
1196
334170 On The Spot Carpet Cleaning
1199
335844 Redcliff Home Hardware
363
122390 America's Hometown Brand Center
16
100595 Aspirateurs 2000 Plus
790
180329 Quality Stoves & Fireplaces Ltd.
255
110219 Refrigeration RM
245
108548 Miller's Vac Shop Inc.
1049
312714 Aspirateur Cote Vertu
1190
333598 Northgate Vacuum
973
191694 Slegg Construction Materials Ltd.
264
111724 St. Paul Electric
993
197256 CEFCO - A Division of Torbram Supply
262
110781 S & R Heating
1531
340674 Quick Auto
1163
321613 G.R.Smith
767
174558 Currie's Hardware
71
105577 Hinton Vacuum
777
176611 Towne Ford sales
Total
Future Pmt
0-30
31-60
61-90
91-120
408.45
-432.6
-409.5
-357
-289.8
-203.4
-157.5
-138.51
-79.55
-45.2
-13.63
-4.5
-0.64
42.34
101.7
103.95
138.99
-432.6
-408.45
-203.6
-205.9
-357
-203.4
-157.5
-79.55
-45.2
-0.64
42.34
312.9
1356
-208.95
120+
-289.8
-138.51
-13.63
-4.5
101.7
-1217.01
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Line No. BP Number
Customer
280
112774 Vacuum Rebuilders Of Calgary
392
130671 Mrs. Vacuum
276
112772 Vacuum Master
40
101863 Busy Lizzie
1202
336523 Brookstone Inc 2
247
109138 Norm's Vacuum
408
134596 Mobile Vacuum
249
109286 Ok Vacuums Sales
753
168314 Martin, Stewart
358
122081 Dufresne Furniture & Appliances
235
108295 McHardy Vacuum
746
166292 Rewards Department Store
54
104374 Fraser Highway Vacuums
49
103401 Johnny Vac Distributions J. Beaulac Inc.
337
116957 Kingsway Vacuum
1519
339728 BestBuy.ca
394
130945 Chadwick's & Hack's
792
183110 Walmart Canada Corp.
734
164198 Klimfax
228
106977 La Maison de L'Aspirateur
11
100524 Arctic Co-operatives Ltd
1172
325624 Samtack
344
117162 Tip Top Parts - Surrey
1215
337701 Groupon Canada
671
163222 Staples Business Depot Head Office
585
154030 Home Depot Canada
1204
337337 CTC - Canadian Tire
1534
399999 House INT
413
138014 Federated Co-operatives Limited
1182
330150 XS Cargo
961
189136 Kent Building Supplies
453
140071 The Shopping Channel
Total
170.1
302.28
330.75
369.51
439.26
552.57
587.6
722.4
756
800.04
850.89
1029.25
1157.67
1176
1176
1811.99
2161.69
2221.79
2392.95
3034.55
3104.8
5723.41
6729.99
13680.22
15243
22564.15
101394.9
127420.32
258344.91
290336.75
478620.55
599385.14
Future Pmt
131.25
680.26
341.25
800.04
850.89
1176
319.77
2881.5
3159.69
3034.55
2558.8
6882.24
2315.04
17056.8
37703.85
276.57
94500
0-30
170.1
302.28
199.5
31-60
61-90
91-120
120+
-310.75
439.26
552.57
587.6
381.15
756
2070
1050.57
1176
103.95
-937.9
7728
546
5723.41
8920.4
-1299.3
551.09
64267.73
-4579.68
269051.9
200000
478920
126107.34
-1040.75
107.1
1388.27
-719.81
-5335.05
-152.25
-1431.95
-514.5
12927.25
1860.71
1691.2
9085.81
132000
-2562.37
-1606.5
-2556.75
1477.66
450664.15
324.82
-576.68
94.5
-8515.69
-299.45
21135.99
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
Canada
WHOLESALE - ODS - ACCOUNTS RECEIVABLE
Line No. BP Number
Customer
Total
EDC Approval Validation:
117154 McNally, Terry
185337 Brands Direct
303557 Brands Direct-RC
$
June 30, 2014
Future Pmt
Balance $
-
$
-
0-30
$
Approved $
50,000
$
$
31-60
61-90
91-120
120+
Excess $
$
-
50,000
$
$
-
-
$
-
$
-
$
-
$
-
$
-
Commercial Accounts Receivable
Line No.
1
4
9
14
17
20
23
26
29
35
41
44
47
50
53
56
59
65
71
74
77
80
83
86
89
92
95
98
101
107
110
113
118
121
124
138
141
144
148
153
158
161
164
171
174
177
180
184
197
200
204
210
214
221
225
BP Number
30-Jun-14
Customer
100116
100220
100691
100859
101781
101858
101885
101908
101932
102306
102325
102368
102419
103831
104656
104872
104902
104950
105601
105966
106070
106475
106489
106969
106974
107047
107355
107837
108011
108173
108775
108927
109097
109475
110302
110605
110670
110684
110767
111134
111238
112944
113671
113755
115178
115760
116466
116934
117283
117865
117886
118266
119065
120838
121065
$
A & A Building Cleaning & Contracting Ltd
Adventure Inn
Bailey's Restaurant
Basic Tool Rental
Budget Inn Patricia Hotel
The Business Inn
Byers Funeral Home
Cactus Tree Inn
Little Skolar Kollege
Fraser, Cheryl
Chief Cornerstone Church
Christian Life Assembly
City of Winnipeg
Broder Co.
Georgian Bay Development
Gonzales, Rita
on holds
Lawrence, Michelle
Hobbs Home Service
Imanuel Pentecostal Church
Jackson, Mary Ann
Katz, Sam
Kazina Enterprises
Kyle Hotel
Lac La Biche Inn
Lakeview Gospel Centre
Les Aspirateur Du Nord
Maid in Manitoba
Marler, Roy
Maxwell Colony
Morrin Industrial Repair Ltd.
Nairn Vacuum & Appliance
Nisbett Funeral Home
Pantry and Privy
Moonlight Inn & Suites
Rosebank Colony
Round-Tuit Cleaning
Roxy Lanes
Ryan & Odette Funeral Home
Casa School
Shelton, Ian
Viking Inn
Woods, Bill
Yellowhead Arena
Big Sand Lake Lodge
New Dimensions of Christ Church
Travelodge - Quesnel, BC
Humpty's Restaurants
Super 8 Abbotsford
Super 8 Motel - Scarborough
Stampeder Motel
Normaway Inn
Days Inn - Wallaceburg, ON
Campbells Plumbing & Heating
Best Western Royal Oak Inn
Total
-
$
7,303
Future Pmt
$
(8,136) $
0-30
31-60
20
$
(816) $
-7288.5
39.5
20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
-39.5
61-90
1,758
91-120
$
(3,048) $
% >90 Days
120+
-
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
230
233
242
249
258
261
265
270
277
283
286
290
295
299
304
309
313
318
322
326
330
334
338
342
346
350
354
358
362
366
370
374
388
392
396
400
407
411
415
418
427
431
435
439
443
448
459
469
474
477
481
484
492
511
516
532
535
538
BP Number
122536
124881
126760
127055
127199
128177
130447
130598
131055
131090
131794
132107
132156
132190
132194
132436
132606
132927
133439
133470
133881
134422
135949
136189
136263
136478
136610
136622
136822
136907
136983
136996
137105
137111
137193
137340
137814
137838
138195
139219
140326
140370
140728
140868
141033
142665
144758
151913
152897
153477
153899
154631
155462
158210
158804
159447
160914
161064
Customer
Fusion Grill
Dika Industries Ltd.
Smith, Darrell
Church of Jesus Christ
Winnipeg Football Club
Happy Cat Sanctuary
Dechtel TMP Project Office (Bruno Plaza)
Ukrainian Cultural Center
My Service and Support
Leroys Motor Inn
Best Western Fireside Inn
Bridal Boutique
Dream Clean Services
Salt N Lace
Affordable Bridals Inc.
Nisku Place Motel Ltd.
Fairmont Hotsprings Resort Ltd.
Blackfoot Inn
Albion Manor Bed & Breakfast
Reflections on the lake(Retreat)
Jasper Place Hotel
Best Western Crusader Inn
Village Court Pharmacy
Smith Camps
Georgian Bay Fishing Camp/ C/O Wright's Marina
Ark of Avalon B & B
Jewel Clean INC
Keneally Manor
Clean Family Clean Inc
You've Got Maid Cleaning Co
Sea Kindly Bed & Breakfast
AJP Building Maintenance
Kawartha Ccleaning Service
Belgravia Bed & Breakfast
Gingerbread House Inn
Maynard Lake Lodge*
Sunshine Janitorial & Supplies
Nisku Janitorial Contracting Ltd.
Broder, E.
Interlake Colony
J. Scott Early Funeral Home
Dust Bunnies Away
Webers Appartments
All Pro Cleaning Inc.
Scott Funeral Home
Vineland Missionary Church
Oak Bank Elementary
Care Allot For Tots
Sagh, Anton
Woodsy, Enterprises
Chipman Hill Suites
Auto Tech Inc.(Vera Pribyl)
Wagner Real Estate Holdings
Gerrie Electric
90131079 Quebec Inc.
Super 8 - The Pas
Gould, Donald
Suno, Sulayman
Total
Future Pmt
0-30
31-60
33.9
-33.9
94.4
-94.4
20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
61-90
91-120
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
544
547
550
553
556
561
564
569
572
575
579
584
589
592
599
603
606
617
621
624
634
638
641
645
648
651
654
660
663
668
674
689
698
715
718
732
735
738
743
750
753
758
761
764
768
771
774
777
780
783
790
793
798
806
809
814
819
822
BP Number
162224
162833
162839
163298
163541
164551
164597
164951
165547
165612
165932
165952
167897
168243
170137
170277
171224
173245
175865
175906
177173
179620
180376
180670
180680
181449
181604
181968
182630
185040
185511
185612
185627
186136
186190
186480
186484
186489
186491
186592
186627
186703
186749
186762
186774
186779
186785
186795
186797
186908
186911
187044
187423
187841
188842
188990
189258
189338
Customer
Mar-Schell's Music
Thibodeau, Marianne
Roseman Corporation
Castle, Dianne
McDougall & Brown Funeral Homes Toronto
Niverville Heritage Centre
Moms And Children Paradise
Brock Built-In Specialists
Gold Eagle Lodge
The Haven Resort
Otis Health Care Centre
Atlas Graham Industries Co.
Canada Wide Vehicle Finance
Knox Day Care
Laser Quest
De Rosa, Jean
The Downtown Hotel
Mennonite Bretherin Ministry Center
Arcane Horizon
Racket Shack
Teen Stop Jeunesse
De Zine (Lloyd Segal)
Quality Pool & Spas
Grant Sign Imaging ( Will Thompson)
Dave Mantle CGA ( Dave Mantle)
Royackers Kennels Inc
St. Alphonsus Church( Kathy Klassen)
Pleasant Valley Golf & Country Club
Merry Maids of Ottawa
Taneda, Phil
Hotte, Pierre
Ed Cooney Services
Balmoral Hotel
Motel 400
Beaufort-Delta Divisional Edu. Council
DKJ Mechanical
Brown, Chris
Carter Food Ltd.
Centennial Park Golf Centre
Planet Clean Duncan
Marias Beauty Salon
Westway Inn Motel
Yelle-Adams, Judy
Service Master
Green Earth Carpet Cleaning
School District 67
Best Value Inn
Timber Lanes
Tropicana Suites Hotel
Aspirateurs116
Vardy's Ambulance and Funeral Home
The Pas Alliance Church
Glad Tidings Church
Vitalines Cleaning
Evoy & Associates
RD Guerin Inc.
Buffalo Point First Nations
Westwood Village Inn
Total
Future Pmt
0-30
20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
31-60
61-90
73.39
77.97
91-120
-73.39
-77.97
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
825
828
831
836
844
848
851
858
862
866
869
873
876
879
882
886
889
893
897
902
913
916
919
922
925
928
935
941
944
947
950
955
958
964
967
970
973
976
979
982
987
990
993
996
999
1004
1007
1012
1015
1023
1026
1029
1032
1035
1041
1044
1047
1050
BP Number
189865
189943
191266
193188
195055
195644
195753
196591
198006
199116
199752
199885
300498
300740
301155
301659
301772
302017
302597
306230
308427
308760
311082
311138
311184
311201
311218
312023
312105
312134
312228
312274
312285
312294
312306
312383
312402
312497
312602
312635
312931
312985
313035
313114
313168
313174
313246
313506
313588
313691
313800
313859
313996
314089
314420
314559
314629
314894
Customer
Morden Home Hardware
Peek A Boo Daycare
EOS Financial Group Inc
Capitol Banquet Centre
Phillip, David Dr.
AGT Services
Salt Spring Inn
Centro Motel
Clean As a Rose
Play It Again Sports
Duchess Hall
Burnet Restaurant & Lounge
Devonshire House
Koster Denture Clinic
King, Gary Grand Bend
Agassiz Park Lodge Hotel
Tipper, Garry
KBI Realestate
Bien, Dorothy
Speer, Jane
D-7 Property Management
Caputo, Jerry
CRS Commercial Carpet Maintenance
Stayner Veteranarian Services
New Avenue Hotel
Cantrill, Georgina
Access Credit Union
Graham, David
Tatogga Lake Resort
Maid Pro Leduc
Dr Generosity
Abrams, Chris
Kay-Vee Lodge
Jani King
Town of Gillam
Timms, David
Christian Victory Church
Gendron, Louise
Stewart, Rhonda
Tim Hortons Vancouver
Dionne, Stephanie
D-7 Properties Roslyn
Maid Pro Greenwood
Hawkes, Beth
The Granite Guys
Nickerson, Jacqueline
Capstick, Beverly
Acadian Construction
Whistler Blackcomb
Islamic Society of Cumberland
Bernier, Yvonne
Martyn, Gerry
Visser, Tiffany
Southeast Nunavut Co Ltd
PCC #240
Jurasits, Margaret
Hartle, Doug
Uni Village Day Care
Total
Future Pmt
0-30
20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
31-60
61-90
91-120
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
1053
1056
1059
1062
1065
1068
1071
1076
1079
1082
1085
1089
1097
1102
1105
1114
1118
1121
1124
1128
1131
1135
1146
1155
1161
1169
1172
1175
1178
1181
1187
1190
1193
1198
1201
1204
1207
1210
1213
1216
1219
1222
1225
1228
1231
1234
1237
1240
1243
1248
1251
1254
1257
1260
1263
1266
1271
1274
BP Number
315201
315423
315625
315631
315637
315662
315666
315730
315843
317412
318666
319053
320051
321348
321504
321995
322122
322129
322710
322823
323018
323088
326052
328670
330675
332030
332046
332067
332284
332858
333326
333437
333467
333605
333693
333757
333758
333933
334268
334323
334497
334842
334848
335056
335265
335314
335323
335351
335355
335431
335492
335539
335563
335566
335717
336050
336316
336519
Customer
Goudeon Insurance Brokers
Newman, Beth
Bradshaw. James
Johannesson, Konrad
Proudman, Colin
Cox, Marilyn
Heaver, Mary
Sodexo Services BC
Couillard, Gilles
Dynamic Equipment Rentals
Harris Meats
Corbek Services
City of Wpg Centennial Pool
Morfit Training
Melnick Motors
Penner, Greg
City of Winnipeg Municipal Acc
Corydon Hardware
Adrian, Janna
michaels*
Mighty, Ian
Janzens Paint & Decorating
Hudson's Bay Railway
Thompson Plaza
Jysk Leila
Akman Construction
Sklar Agencies
The Historic Skagway Inn
Moore, Debra Jean
DeYoung, Keith
DMW Floors
Vernon Physiotherapy #102
255 Wellington
Brennan, Allan
Mrowka, Gregg
Bloomfield, Evan
Bethany Pentecostal Chapel
Rita, Burton
Trane Canada
Birch, Elisabeth
Winnipeg Condo Corp #89
Needham, DW
Yellow Point Drywall
Craplewe, Dennis
Smith, J
Celestial Church of Christ
Consumer Care Wilma
Ackley, Debbie
Student Housing & Residence Life
Associated Maintenance Serv Ltd
Performance Healthware Ltd
Pincombe, Alan
Nye, Murray
Midway, Ron
Bagot, Sam
Pyett, Ross
Cedar Lodge Dundurn
My Gym
Total
Future Pmt
0-30
20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
31-60
61-90
91-120
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
1278
1281
1286
1289
1297
1300
1305
1308
1312
1317
1320
1323
1328
1331
1336
1339
1346
1349
1352
1357
1355
559
658
587
218
680
208
446
541
192
32
801
457
1140
190
1158
595
614
961
1144
728
1110
247
722
938
38
1292
104
1184
1038
726
710
68
840
834
703
1142
730
BP Number
336521
336618
336677
337230
337370
337521
337776
337875
338785
338991
339110
339213
339502
339523
339892
339986
339988
340004
340322
340513
340372
163895
181740
167596
119814
185550
118031
141455
161800
117188
102194
187438
143462
324431
116991
329826
169371
172029
312286
325520
186403
321656
127016
186192
311995
102321
337262
108116
333022
314102
186364
186037
104976
194106
192140
185628
325425
186477
Customer
Ye Olde Card Shoppe
Super Thrifty Drugs
Micu, Florin
Swish Vancouver
Morden Golf Course
McMurray Law Office
Custom Computer Centre
Zaveco Ltd
Pirness, Eldon
Smith, Dianne
Klymkiw, Larissa
Adventure Quest Outfitters
ST.CLAIR RESIDENTS
Wesclean Lethbridge
Sawatzky, George
Melnychuk Farms
Waterman, Hazel
Hoenow, Gord
Eganville & District Senior Center
Szwaba Rocio
Tanguay, Karen
Olienick, Penny
Best Western Regency Inn Abbotsford
Kehler, Allan
Best Western Plus Orangeville
Tanshaw Sanitation Inc.
Mills, Cheryl
Canad Inns Polo Park
YMCA Orillia
Valhalla Inn Thunder Bay
Lubavitch, Chabad
Grass River Lodge
Mondial 2000 Inc.
Trautwein, Sig
Magnus Poirier Funeral Home Inc.-St Leonard
Malloway & Eliason Insurance
Marlow, Donna
Fineberg, Ron DDS
Roberts, Dawn
Best Western Plus Wpg West
A Miracle Sanitation Supply
Dauphin Express Inn
All City Vacuum
Barnay's
Players Sports Bar
Chicken Chef - Lac du Bonnet
Gumbusters
Econo Lodge Notre Dame
Centro Caboto Centre
Ardent Group
Sun and Moon Cleaning
Parkland Evangelical Church
Lombard Glen Golf & Country Club
Blinds to Go
St James Bowling
1136 Main Street
Evergreen School Division
BMS Sanitation & Safety
Total
Future Pmt
83.51
-1362.9
-744.67
-626.01
-468.9
-467.43
-406.46
-359.34
-309.54
-290.07
-260.86
-240.23
-159.16
-138.44
-111.87
-108.26
-94.92
-83.51
-67.74
-56.43
-55.94
-52.5
-39.15
-36.75
-31.68
-27.45
-20.52
-0.01
0.01
0.02
0.05
0.2
0.6
1.3
13.56
33.34
39.15
44.64
50.85
0-30
-744.67
-626.01
-468.9
-167.28
793.26
91-120
77.97
-77.97
-467.43
982.08
-2128.24
306.51
785.41
-112.89
-159.16
-138.44
-83.51
-67.74
0.2
0.6
-55.14
61-90
-83.51
-1362.9
113.72
-359.34
-309.54
-596.58
31-60
-111.87
-108.26
-94.92
-56.43
-66.65
0.05
20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
-933.38
-240.23
0.01
66.67
-55.94
-52.5
-39.15
-36.75
-31.68
-27.45
-20.52
-0.01
39.15
120+
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
Line No.
1315
672
1334
803
900
1021
1095
908
748
705
1326
452
275
854
597
756
245
1093
906
1164
796
508
856
1303
696
1149
1100
713
910
842
694
1108
1112
128
BP Number
338815
185420
339580
187528
305603
313658
319637
308145
186550
185963
339268
142937
130601
195806
169880
186640
126808
319435
307151
330995
187210
156118
196278
337691
185622
328185
320086
186098
308150
194655
185615
321627
321932
110402
Customer
Rivercrest Childs Care
Clarion Hotel/Winnipeg
Golf Town Kitchener
Best Western Charter House Hotel
Staybridge Suites Guelph
St Boniface Diocesan High School
Petros Hair Design
Village at Smith Creek Baptist Housing
Emco Machinery Inc.
Curtis Gordon Motor Hotel
Jou, Michael
Bunzl Canada Kingston
Quintex Services Ltd
Pestyks Vacuum Professionals
Super 8 Motel
Mister Chemical Ltd.
Brydges Propery Management
Maple Ridge Seniors Village
Akman Property Management
I.T.B. Mfg Co.
Nicola Valley Indian Services Ass
School District # 60
The Bridge Church
Southeast Missouri State University
Maid Pro Airdrie
Days Inn Berry & Sargent
Roscoe Postle Association
Marguerita Residence Corp
Baptist Housing Ministries
YMCA Barrie
Lakeview Resort
Holiday Inn Wpg Airport
Holiday Inn Express Gananoque
River East School Division No.9
Total
Future Pmt
56.45
60.69
62.09
62.09
76.28
42.38
102.77
109.44
146.79
164.17
189
194.48
20.29
202.27
202.27
203.57
236.17
236.17
241.5
245.44
246.34
258.77
261.45
292.07
292.07
297.8
313.9
313.9
322.93
337.82
337.82
338.28
347.39
521.4
563.87
592.12
594.73
281.93
596.58
687.61
945.25
1741.9
2188.92
0-30
31-60
61-90
91-120
120+
33.9
146.79
164.17
-50.63
53
258.77
261.45
297.8
338.28
110.74
20140630-AR3-THEAXEHOUGHTONGROUPINCTATHEORE.(2)
275.67
22.6
% >90 Days
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
CANADA
INTERNATIONAL ACCOUNTS RECEIVABLES
Line No.
BP Number
June 30, 2014
Customer
Total
EDC Approval Validation:
Future Pmt
Balance $
$
-
0-30
31-60
61-90
91-120
120+
Approved $ Excess $
$ 200,000 $
$
-
$
-
$
-
$
-
$
-
$
-
$
-
ACW
Line No.
BP Number
12
15
83
86
20
1
89
18
7
23
25
1
13
41
230
233
402
408
422
427
435
440
473
476
479
484
487
490
493
496
499
502
506
509
512
515
518
521
527
530
533
536
539
542
545
548
551
554
557
560
310510
320352
332417
337798
320566
120710
337801
320403
154471
321134
321286
126103
133330
304300
313177
318892
323044
330731
332070
332122
333143
333395
333655
333824
334081
334151
334250
334251
334252
334411
334430
334448
334562
334648
334649
334650
334673
334688
334805
335099
335267
335308
335423
335480
335551
335642
335651
335725
335772
336004
Customer
Oreck (Wichita Falls)
BW Inc
Source Network Sales & Marketing (Customer)
Robinson, Rhonda
Handy Hardwares
The Sportsman's Guide U.S.
SHOP.CA Network Inc.
Ripley's Vacuum Center
Ace Hardware Corp
Oreck Clean Home Center (Vestal)
SHOPHQ
Ficks, Ilene
Lloyd, Laurie
Farrell, Linda
Lim, Carol
Potvin, Cathy
Gurnsey, Matt
Cloverdale Ace Hardware
St. Pierre, Simone
Kressock, LJ
Pleman, Wheaton
Kangas, Jean
Hoyle, Chelsea
Lim, Michelle
Bungay, Brent
Mirecki, Ben
Kotnik, Ivan
Banman, Abe
Unrau, Cornie
Nowtash, Amir
Craigen, Bonnie Rae
Fusco, Jennifer
Gravelle, Tom
Zselinszky, Antal
Johnston, Marvin
Klerks, Elizabeth
Balazs, Rose
Bargain Buyouts
Johnson, Thomas
Ewanyshyn, Michele
Boland, David
Prosser, Estella
Goetze, Robert
Hill, Dawn AB
Warburton, Andreas
Coles, Clayton
Stacey, Kevin
Ugly Ed and New and Used
Pogany, George
Northrup, Brian
Total
Future Pmt
0-30
1,440,291.12 ######### $
25,944
-1134.31
-668.01
-619.29
-1069.2
-147.44
1994.72
7165.62
1429470.24 1429470.24
$
31-60
61-90
91-120
(1,688) $
(358) $ (16,124) $
-1134.31
-668.01
-274
-147.44
120+
-
Country of origin
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
Line No.
563
566
572
575
578
596
599
602
605
608
613
616
625
628
631
634
637
642
645
648
651
654
659
662
665
737
753
756
763
766
769
787
790
793
796
799
44
74
268
85
443
776
619
70
816
804
394
806
383
812
810
778
BP Number
336189
336363
336952
337032
337374
337634
337763
337806
337879
337958
338333
338444
339215
339288
339336
339337
339338
339418
339488
339619
339755
339765
339800
339814
339844
339876
339965
339966
340153
340175
340195
340497
340582
340602
340688
340804
312572
312577
320342
312593
333599
340339
338593
312575
340832
340809
321709
340810
320912
340830
340815
340340
Customer
Kiel, Kathy
Thompson, Lisa
Wong, Tchen
West, Shelley
Sweeney, Jason
West, Shelley NS
Veehuis, Vince
Urquhart, Del
Warth, Eric
Verdin, Debra
Mortimer, Todd
Rudanec, Ronnie M.
Hopkins, Jeffrey
Guevara, Malvin
Bond, Jarrett
McKissock, Liam
Peters, K.
Bumbaco, Louis
Perry, Austin
Price, Bill
Young, Curtis
Thomas, Jerri
Henderson, David VA
McFadden, Sarah
Heaman, John
Malkin, John
Rowinski, Jan
Canning, Patricia
Chambers, Lisa
Kang, Sun
Black, Ronda
Spiller, Curtis
Chandler, Kevin
Farquhar, Mercedita
McClellan, Donald
Colvin, Jim
Air & Water
Bluestem Brands Inc
BJ's Wholesale
QVC
Farr Tech Heat
Ethier, Arista
Andress, James
ATG Stores
Schmidt, Denis
Friedman, Debbie
AJ Madison
Martens, Marina
Kmart
Indelicato, Kerry
Cloutier, Claude
Tellier, Jocelyne
Total
Future Pmt
-209.65
-6795
-1849.1
-1362.57
-1018.11
-907.15
-822.64
-661.35
-601.73
-523.95
-489.74
-457.83
-447.35
-433.5
-425.37
-416.97
-408.45
0-30
450.87
-209.65
-450.87
419.3
261.45
-261.45
450.87
-450.87
385.98
195.41
-439.19
84.34
-81.31
-822.64
-339.24
-523.95
-489.74
-447.35
-425.37
-416.97
-408.45
31-60
-121.82
-969.13
-650.51
166.41
-1898.16
-825.84
654.23
-262.49
-457.83
-433.5
61-90
-1940.38
-138.79
-665.07
91-120
-6433.68
-2044.51
-881.27
120+
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
Line No.
808
782
367
430
780
749
774
772
814
759
569
784
385
405
432
282
623
611
802
761
81
277
438
447
412
746
396
741
16
284
370
668
414
387
111
236
581
BP Number
340813
340368
320584
332291
340366
339939
340305
340282
340831
340015
336590
340389
321117
329570
332591
320573
338739
338277
340805
340074
312590
320572
333389
333622
331248
339905
322087
339904
136221
320579
320702
339859
331906
321301
312601
320327
337378
Customer
Bernier, Lucie QC
Frigon, Marina
Wayfair
Stewart, Perry
Bryan, Robert
Cohen, Sidney
Tigerman, Gabriel CA
Collins, Michael NY
Doubek, Cathie
Martin Country Store
Jansen, James KS
Gladu, Garrett
I-Market
Amazon.com ACW
Earth Friendly Solutions
Living Direct
Cravens, Aaron
Doucette-Sperr, Bernadette
Randolph, Matthew
Long Lewis Hardware
Overstock.com
IVG Stores
ATG Stores Canada (Lowes)
Bestbuy.com
Rothenberg, Jeffrey
Beyond the Rack (US)
Amazon.com.ca
Beyond the Rack (CA)
Northern Tool + Equipment
SEARS
OPJ, LLC
Brookstone ACW
Heartland America
Spectacular Products LLC
Homedepot.com
Amazon.com
Groupon USA
Total
Future Pmt
-408.45
-408.45
-387.45
-387.45
-317.28
-158.49
-272.13
-259.47
-259.47
-249.02
-248.28
-248.28
-248.14
-244.14
-244.14
-21.75
-0.51
-0.51
1.39
1.39
8.06
8.06
50.51
117.37
117.98
184.35
197.17
222.32
244.14
244.14
321.52
365.25
176.24
370.3
-181.71
399
574.45
-266.39
576.45
676.86
896.22
-342.38
1331.08
2411.64
836
2833.37
571.21
5577.3
-133.66
12265.69
4426.92
17143.97
-434.08
18333.46
19117.87
2543.19
32079.03
1912.47
100575.54
-84.09
0-30
31-60
61-90
-158.79
91-120
-272.13
-249.02
-248.14
-21.75
50.51
-0.61
197.17
222.32
321.52
2118.08
784.23
-2061.47
576.45
1379.49
-1949.37
-663.19
-197.14
-881.18
1623.76
-206.36
347.1
27503.94
-1159.26
120+
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
USA
B) Aged List of Accounts Payable - Trade ($CDN)
Line No. BP Number
30-Jun-14
Vendor
Total
$
812
938
1038
1122
964
1007
775
217
60
1187
1064
12
851
735
44
935
558
1140
1085
950
1021
980
1102
79
101
809
556
121
476
1196
1062
863
507
802
1024
89
153
712
954
1018
155
797
1127
1080
900
1072
726
42
441
84
952
190
438
1129
710
518
729
912
200671
200812
279913
290046
200883
200912
200642
200236
200080
290093
280004
200012
200676
200558
200067
200786
200455
290084
290036
200828
210012
200907
290045
200096
200127
200668
200435
200150
200343
300000
279939
200689
200376
200664
210014
200105
200199
200495
200881
210011
200200
200662
290052
290030
200744
290023
200501
200051
200261
200103
200850
200222
200253
290064
200489
200391
200505
200747
YOAU ELECTRIC
King Post Industrial Co. Ltd
Leo Zhang
Huizhou Trans Tune International Logistics Co. Ltd
Thinker Electric Appliance Co., Ltd
Millenium Distributors Inc.
Coordinated Strategic Alliances, Inc
Oreck Sales USA.
Cristall Group Investments
Shenzen Ningwe
Ernst & Young
Aikins, Macaulay & Thorvaldson LLP
JHS Electrical Co.-Dongguan
SPS Commerce, Inc.
CJOB/CJKR-FM
Shenzhen Josen Industrial Co. Ltd
CSA (Coordinated Strategic Alliances Inc.)
Jiangmen Posi Refrigeration Appliance Co., Ltd
Oxygen Technical Services Ltd.
Justine McDonald
Custom House
Temp-Tations Operating
Bison Transport
DHL Express
Fedex
Shane, Dan
A-1 Credit
Greyhound Courier Express
Tradebank
Hutton, Brent
Miguel Morthas
Constant C Technologies
Westfax.
CHEP
e.l.m Design Solutions
DSI Security Systems.
Loomis
Kindersley Transport.
IJS Global (Netherlands) BV
Norampac
Lubavitch Centre
A. Miracle Sanitation Supply Co. Inc.
Miracle Sanitation Supply Co. Ltd.
Poulin's Pest Control
Lambskin Specialties
T.E.A.M.S
Clarke Transport
Canadian Barter System
Promat Services Ltd
Kirton, Donn
CaseWare International
MTS Allstream Inc.
Pitney Bowes
Joytv10
Diamond Ice Systems
World of Water
Yellow Pages Group
Acryl Design Ltd
1,381,983
1015536.67
315729.68
230184.28
85066.7
78570.88
57504.9
35692.28
30066.36
26115.18
13263.75
11300
8768.95
5552.73
3957.84
2598.75
2491.44
1814.21
1808.89
1201.24
1000
350
112.71
16.91
-11.52
-13.22
-17
-27.21
-29.09
-33.84
-42.44
-63.94
-70.01
-71.78
-79.41
-96.25
-105.81
-110.53
-112.78
-129.45
-144.23
-150
-157.5
-214.03
-238.14
-249.38
-250
-260.99
-266.86
-269.54
-300
-301.88
-323.23
-342.27
-393.75
-399
-435
-577.08
-613.95
Future Pmt
$
-
0-30
$
31-60
14,865
-145142.92
7313.45
$
61-90
412,866
255515.02
85066.7
302640.03
10952.7
195867.93
10952.7
12600
-8762.58
-11300
531.2
822.4
2598.75
754.06
2415.16
$
91-120
166,101
$
29735.1
157736.98
13816.25
-15493.89
2867.27
2104.89
2415.16
1000
350
-73484.54
-189389.34
4576.57
73597.25
-13.22
-121.13
-119.07
-269.54
-342.27
-166
-45.22
94064.77
57504.9
35692.28
-281919.53
2104.89
13263.75
10000
17531.53
5552.73
2604.24
2491.44
1814.21
1808.89
-8959.71
16.91
-11.52
-105.81
-110.53
231.73
-157.5
-119.07
-214.03
-249.38
-250
-131.78
-129.21
-266.86
-253
1130944.49
60214.66
51317.6
-33.84
-42.44
-63.94
-70.01
-73.44
46.88
-112.78
-240.05
-144.23
-150
-301.88
82.44
907,801
-17
-27.21
-29.09
-79.41
-96.25
% >90 Days
120+
(119,649) $
600
-900
-405.67
-16
-399
-393.75
-577.08
-613.95
Line No. BP Number
Vendor
458
200273 Red River Messenger Courier.
1131
290077 Pitney Works
504
200359 Van Houtte Coffee Services Inc..
126
200186 Kellett Copy Centres.
1124
290047 Oreck Centres of Ontario
103
200141 GHY USA
470
200292 Shippers Supply Inc
1137
290082 Pamco Printers
766
200589 Higher Power Marketing
1026
210016 Monster Worldwide
81
200102 DLA Piper Rudnick Gray Cary LLP
123
200170 Instabox Ltd.
474
200307 Staples Business Depot
1189
290096 SDM Retail
770
200634 BFI Canada
922
200758 Carlyle Printers, Service & Supplies Ltd.
1074
290024 YRC Freight(Axe)
478
200350 Uline
93
200109 Edmar Corporation
1165
290088 RMS
27
200050 Canada Post Corporation
1095
290040 Nawrocki, Rooney & Sivertson, P.A.
973
200889 Reliable Products International LLC
1077
290026 Knotice
884
200739 CommerceHub
460
200279 Rogers Wireless
1181
290092 Professional Warehouse Demonstraitions
542
200432 Sameday..
983
200909 Frank Digital
52
200079 Cp Industries
1135
290081 Mavrick Consulting
170
200208 Mid Canada Production Services
67
200088 Day & Ross.
1010
210006 Inteqna
1068
290017 TruEffect, Inc.
491
200354 UPS.
446
200262 Purolator Courier..
878
200692 Fine Line.
1173
290089 DSX - Port Inc.
1146
290087 Frontier Supply Chain Solution
789
200660 Living Well Company
560
200469 Purolator Freight, (Division of Purolator Courier Ltd...
4
200007 ABF Freight System Inc
969
200885 Axe Houghton - ACW DS
455
200272 Receiver General
130
200189 Kingstar Media
1
115733 Nagle, Don
107
200145 Google
157
200202 Manitoba Hydro
481
200351 UNI Marketing Alliance (WebHost4Life.com)
539
200418 Soperfreeman
714
200498 Earthwise Technologies Inc
732
200557 IPD Global USD, Inc.
751
200580 Handy Hardware US
786
200643 Prism Studios Inc.
799
200663 T2M Productions LLC
804
200666 Jin Hong Trading Co.
853
200687 Webgains USA
865
200691 American Comfort Worldwide, LLC
881
200713 Briefings Publishing Group
Total
-641.6
-732.61
-794.78
-812.14
-849
-870.14
-900.31
-1069.9
-1083.73
-1149.75
-1167.85
-1350.71
-1357.31
-1622.61
-1625.93
-1707.14
-1817.44
-2052.5
-2116.79
-2133.63
-2176.08
-2187.48
-2199.42
-2209.02
-3110.76
-4067.52
-4584.77
-4782.41
-4885.83
-5804.6
-6699.36
-6898.42
-7095.97
-7517
-7843.18
-10596.63
-15330.89
-15766.98
-15782.82
-20900.95
-28540.89
-30676.05
-41015.71
-54360.01
-65989.47
-142942.11
Future Pmt
0-30
31-60
-641.6
-15
-794.78
-433.59
-731.73
-900.31
61-90
91-120
-717.61
-378.55
-138.41
-450
-399
-1069.9
-1083.73
-1149.75
-1066.04
-1357.31
-374.14
-414.13
-1293.46
-546.07
-350.28
% >90 Days
120+
-1167.85
-284.67
-299.01
-425.73
-1707.14
27687.49
-538.31
-1825.8
-114.14
-405.58
-584.31
-1007.93
-1765.77
-2987.13
-301.32
-759.04
-3509.96
-648.14
-786.07
-1817.44
5175.54
-4219.97
-5819.6
-6699.36
-4546.76
-2970.24
-8.35
-959.48
-10169.6
-19565.17
-19590.05
11144.82
-3876
-35204.47
-10547.44
-14371.41
-5597.38
-283.15
44772
-14104.99
-5811.24
-65989.47
-69109.67
-50346.02
65299.26
-85473.22
-31469.86
-1049.25
-2073.34
-2199.42
-2209.02
-2120.87
-3059.59
-364.8
-29.51
-4885.83
15
-6898.42
-7095.97
-7843.18
-40.84
-1310.9
50890.22
4065.5
-3339.65
-135347.93
-9355.41
-54360.01
-16944.35
2811.54
17362.42
-6542.07
Line No. BP Number
Vendor
902
200745 Epic Express
914
200750 Melnyk, Glen
917
200755 BW Incorporated
926
200782 Sameday(Seko)Worldwide..(CDN)
931
200785 World Bright Inc
947
200816 Paymate
976
200904 Translink Shipping Inc
1028
279882 City of Winnipeg-Water & Waste
1033
279894 Parson Plumbing & Heating Co Ltd
1058
279937 Dongguan Uniclr Co. Ltd
Total
Future Pmt
0-30
31-60
61-90
91-120
120+
% >90 Days
B) CREDIT CARD PAYABLES
Account - Description
Centurion Amex 2008-2016
Platinum Amex 2003-1013
Corporate Amex 71001
Visa RBC 6162 USD
VISA RBC 2204 - Justine
$
Total
497,356
$
103,354.93
$
Future Pmt
$
-
$
0-30
497,356
$ 103,354.93
-
$
462,778.96
$ 462,778.96
$
(57,058.43)
$
(57,058.43)
$
(11,719.93)
$
(11,719.93)
$
31-60
-
$
61-90
-
90 +
$
-
C) INVENTORY
30-Jun-14
Account - Description
Total Inventory
13000000-01-00 - New . Oreck Retail Vacuums
13000002-01-00 - New . Oreck Air Purifiers
13000004-01-00 - New . Free Gift Inventory
13000006-01-00 - New . Oreck Commercial Vacuums
13000008-01-00 - New . Fast Commercial Vacuums
13000010-01-00 - New . Dehumidifiers
13000020-03-00 - New . Comfort Furnaces (BENTEL)
13000022-03-00 - New . RedCore Heaters (BENTEL)
13000024-03-00 - New . Heatstorm Heaters (BENTEL)
11399999-01-00 - Freight & Duties . Landed
13013013-01-00 - Goods Clearing
13000014-01-00 - New . Plasma Cool Air Conditioning
13000026-01-00 - ACW Heaters
13000005-01-00 - OCO Inventory (AXE, Finance )
11330000-01-00 - Demo . Oreck Retail Vacuums
11330050-01-00 - Demo . Oreck Air Purifiers
11330015-01-00 - Demo . Oreck Commercial Vacuums
11300150-03-00 - Demo . Comfort Furnances (Bentel)
11330000-03-00 - Demo . Red Core Heaters (Bentel)
11330007-01-00 - Demo . ACW Heaters
$
1,425,647.52
51817.5
65291.92
34812.13
26642.68
21727.48
1796.79
62772.9
10078.05
276.33
574676.75
-132.77
-211483.71
222000.89
29820.53
31087.95
62826.61
372.21
94827.28
35166.31
35793.97
C) INVENTORY
Account - Description
Total Inventory
13000026-04-00 - New . ACW . Heaters (ACW)
13000000-04-00 - New . ACW . Air Conditioning (ACW)
13000027-04-00 - New . Heatstorm . Heaters (ACW)
13000025-04-00 - New . Red Core . Fire Places (ACW)
13000004-04-00 - ACW New. Free Gift Inventory
13000002-04-00 - ACW New Air Purifiers
13000017-04-00 - New ACW LifeSmart Fans
13200026-04-00 - Demo . ACW . Heaters (ACW)
13200000-04-00 - Demo . ACW . Air Conditioning ACW)
13200022-04-00 - Demo . Red Core . Heaters (ACW)
11330050-04-00 - Demo ACW Air Purifier
11330000-04-00 - ACW Demo. Oreck Retail Vacuums
30-Jun-14
$
1,482,183.58
714205.57
584296.29
230.78
88607.34
2452.04
3342.87
1179.47
23996.97
1819.88
40411.3
17975.07
3666
B) Aged List of Accounts Payable ACW - Trade ($UDS)
Line No. BP Number
30-Jun-14
Vendor
Total
$
1
9
21
29
42
46
49
74
94
98
101
104
111
114
117
129
134
144
171
188
200707
200855
200860
200864
200867
200876
200877
200878
200900
200901
200910
279918
279920
279924
279925
279927
279928
279930
279936
279939
Hub
ABF Freight System(ACW)
City of Cookeville
FEDEX(ACW)
JHS Electrical ACW
The Hartford
UPS(ACW)
VDTA / SDTA
Hecny Transportation Inc
Thinker Electric Appliance - for ACW
National Hardware Show 2013 c/o Reed Exhiitions
Cumberland Containers
Grainger
PSE&G
Regus Management Group, LLC
Twin Lakes Telephone Cooperative
Verizon Wireless (Acw)
YRC Freight (Acw)
Commerce Hub(ACW)
Miguel Morthas
Future Pmt
(88,140) $
-
0-30
$
31-60
(4,619) $
61-90
(19,766) $
9,923
91-120
$
2,255
(75,934)
10285.95
-5340.17
-582.74
1089.89
1304.62
-690.9
-3484.56
-593.52
660.28
-973.73
-1855.61
10.78
429.61
2255.21
4574.28
-360.11
-5171.95
10125.67
-19.33
6277.92
-61013.26
822
888.89
4567.03
-61013.26
-7202.38
319.27
-4465.06
-452.93
-2284.39
319.27
1103.27
2.54
-2760.95
3384.55
-5776.06
862.28
1.56
-1.86
-382.86
-628.89
-866.2
0.98
-386.94
-481.57
2255.21
% >90 Days
120+
$
7440.16
1304.62
1107.19
-178.96
-2714.43
-2193.19
4248.98
-2432.74
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.10. August Margin Reporting
Axe Houghton Group Inc. – Interim Report
PwC
29
Sc he d ule D
Sc he d ule "D"tothe Ag re e m e ntd a te d April11,2011,b e tw e e nThe Axe H oug htonGroupInc ,a sBorrow e r,a nd Roya lBa nk ofCa na d a ,a sthe
Ba nk
BO RRO W IN G LIM IT CERTIFICATE
I,Be n Cohe n,re pre se nting the Borrow e rhe re b yc e rtifya sofm onth e nd ing
Aug ust31,2014
1.Ia m fa m ilia rw ith a nd ha ve e xa m ine d the provisionsofthe Ag re e m e ntd a te d Ja nua ry26,2011 a nd a nya m e nd m e ntsthe re to,b e tw e e n
The Axe H oug htong GroupInc .,a sBorrow e r,a nd Roya lBa nk ofCa na d a ,a sthe Ba nk a nd ha ve m a d e re a sona b le inve stig a tionsof
c orpora te re c ord sa nd inquirie sofothe roffic e rsa nd se niorpe rsonne lofthe Borrow e r,Te rm sd e fine d inthe Ag re e m e ntha ve
the sa m e m e a ning she re use d inthisc e rtific a te .
2.The Borrow ing Lim itis
$
1,824,821
c a lc ula te d a sfollow s:
Tota lEDC Ac c ountsRe c e iva b le
Le ss:
a ) Ac c ounts,a nyportionw hic h e xc e e d s90 d a ys
Ad d :OPP Re ta ilAc c ounts e xc e e d ing 90 d a ysa sExc lud e d (g ),Be low
b ) Ac c ountsDue from a ffilia te s
c ) Ac c ountsw he re c olle c tionissuspe c t
d ) "Und e r90 d a ys"Ac c ountsw he re c olle c tionissuspe c t
e ) Ac c ountssub je c ttopriore nc um b ra nc e s
f) H old b a c ks,c ontra -ac c ountsorrig htsofse t-off
g ) Othe rine lig ib le a c c ounts
W hole sa le -Exc lud e d Am ounts
EDC Exc e ssLim itAm ounts
Plus:
Othe r.Re ve nue Ca na d a Corpora te Ta xre fund
Good EDC Ac c ountsRe c e iva b le
$
$
$
$
$
$
$
$
$
$
222,555
(382,646)
(17,169)
(A)
$
1,403,666
$
(177,260)
$
$ 1,226,407
90.0%
M a rg ina b le Good EDC Ac c ountsRe c e iva b le
$ 1,103,766
Plus:Non .EDC Ac c ounts
ACW .ShopN BC
$
17,169
Exc e ss$EDC a c c ounts
$
382,646
Distrib utor
W hole sa le
W hosa le -ODS
Inte rna tiona l
M a rg ina b le Good Non EDC Ac c ountsRe c e iva b le
$
$
$ 304,153.50
75.0%
(B)
$ 1,407,919
Tota lM a rg ina b le Inve ntory:
(i) Inve ntoryin Tra nsit:
Inve ntoryinTra nsitsupporte d b ypurc ha se ord e rs
(C)
(ii) Une nc um b e re d Inve ntorysupporte d b yc onfirm e d purc ha se ord e rs:
Tota lInve ntoryhe ld inCa na d a .N e w
$
Tota lInve ntoryhe ld b yc ustom e r
Tota lInve ntoryhe ld inACW .N e w
$
Le ss:
i) Inve ntorysub je c ttopriore nc um b ra nc e s
ii) Inve ntorysub je c tto30 d a ysupplie rpa ya b le s
iii) Othe rnonqua lifying inve ntory
50.0%
(D) $
-
50.0%
(F)
$
464,333
(G)
$
(47,432)
708,652
220,014
$
-
$
$
-
$
928,666
(E)
Tota lPote ntia lPrior-Ra nking Cla im s:
Sa le sta x,Exc ise & GST
Em ploye e sourc e d e d uc tions(EI,CPP,Inc om e Ta x)
$
W orke rsCom pe nsa tionBoa rd
$
(47,432)
-
Unpa id Pe nsionPla nContrib utions
$
-
Ove rd ue Re nt,Prope rty& Busine ssTa xa nd pote ntia lc la im sfrom 3rd pa rtie s
Othe r
$
$
-
W a g e s,Com m issions,Va c a tionPa y
C:\Users\mbyiers001\Desktop\AXE_Houghton_Margin_Report
Aug 31 2014_v1
Borrow ing
Lim it(B+D+F+G)
$ 1,824,821
Le ss: Ope ra ting Fa c ility
M a rg inSurplus(De fic it)
$ 5,000,000
$ (3,175,179)
3.Anne xe d he re toa re the follow ing re portsinre spe c tofthe Borrow e r:
(a ) a g e d listofa c c ountsre c e iva b le (b ) a g e d listofa c c ountspa ya b le (c ) a g e d listofEDC insure d a c c ountsre c e iva b le supporte d b yDire c t
toPa yonEDC form E-6 (d ) sta tusofinve ntory (e ) listing ofPote ntia lPriority-Ra nking Cla im s (f) listing ofprior-ra nking Cla im s.
4.The re portsa nd inform a tionprovid e d he re w ith a re a c c ura te a nd c om ple te ina llre spe c tsa nd a lla m ountsc e rtifie d a spote ntia l
prior-ra nking c la im sa re c urre nta m ountsow ing a nd notina rre a rs.
Da te d thisd a yof:
Aug ust31,2014
Pe r:
N a m e : Be nCohe n
C:\Users\mbyiers001\Desktop\AXE_Houghton_Margin_Report Aug 31 2014_v1
A) Ag e d listofAc c ountsRe c e iva b le ($CDN )
31Aug 14
Future
030
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
ACW
OPP -OnPa ym e ntPla ns
$
-
3160
6190
90 +
Tota l
$
$
$
$
$
$
(29,848)
35,503
2,075
329,073
$
$
$
$
$
$
(22,157)
582,059
5,808
35,009
$
$
$
$
$
$
64,466
162,362
891
17,890
$
$
$
$
$
$
132,961
90,029
(1,010)
(1,445)
$
$
$
$
$
$
$
336,803
$
600,719
$
245,609
$
220,535
$ 1,403,666
Ac c ountsRe c ie va b le w ith a nyportion >90 d a ys:
Distrib utor
W hole sa le
W hole sa le -ODS
ACW
Com m e rc ia l
Inte rna tiona l
OPP -OnPa ym e ntPla ns
145,423
869,953
7,764
380,527
132,961
90,029
(1,445)
1,010
$222,555
c
Ac c ountsRe c ie va b le w ith a nyportion <90 d a ysis<10% ;orBa nk Ac c e ptsa sa Good Ac c ount:
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
OPP -OnPa ym e ntPla ns
N e tTota lAc c ountsRe c e iva b le
(i+ ii+ iii)
$1,626,221
90 +
Tota l
Sum m a ryofthe Anne xe d Re portsin re spe c tofthe Borrow e r:
0-30
$
$
$
31-60
$
(295,437) $
(14,801) $
C) Ag e d ListofInsure d EDC Ac c ountsRe c e iva b le ($CDN )
Future
0-30
Tota lAR (Ab ove )
$
$
2,433,851
Le ss("N on-EDC $"):
OPP Ac c ounts
$
$
TVS Cha t
EDC $Lim itAd j:
Distrib utor
$
$
W hole sa le
W hosa le -ODS
$
$
Inte rna tiona l
$
$
$
$
2,433,851
$
61-90
$
(733,221) $
(1,343) $
31-60
831,558
$
(147,416) $
(4,808) $
$
61-90
213,537 $
$
297,884 $
(8,151) $
90 +
37,355
(878,190)
(19,565)
Tota l
$ 3,516,301
$
-
$
-
$
-
$
$
$
-
$
-
$
-
$
$
$
$
$
213,537 $
$
$
$
$
$ 3,516,301
$
$
$
831,558
(ii)
na
na
na
na
na
na
$0
B) Ag e d listofAc c ountsPa ya b le ($CDN )
Future
Cre d itCa rd
$
Tra d e Pa ya b le sCDN
$
Tra d e Pa ya b le sACW
$
-
(i)
37,355
-
D) Sta tusofInve ntory
$
708,652
E) Listing ofPote ntia lPriorRa nking Cla im s
$
(47,432)
E) Listing ofSupplie rPa ya b le sha ving 30 d a yre posse ssion rig htsove rinve ntory
$
-
(iii)
Ac c ountsRe c ie va b le -a sa t:
Aug ust31,2014
Tota l
%
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
Ac w
OPP -On Pa ym e ntPla ns
A1 -Colle c tions
AirCond itioning
ISC
Ore c k
8.6%
41.0%
0.0%
0.3%
0.0%
50.2%
0.0%
100.0%
$
$
$
$
$
$
$
$
Future Pm t
338,674
1,622,608
9,966
1,989,812
3,961,060
$
$
$
$
$
$
$
$
218,161
12,127
214,471
230,288
100.0%
030
$
$
$
$
$
$
$
$
3160
218,146
926,913
(109)
1,288,901
2,433,851
5.8%
$
$
$
$
$
$
$
$
6190
62,993
458,260
(762)
311,067
831,558
61.4%
$
$
$
$
$
$
$
$
91120
3,564
24,221
1,999
183,753
$
$
$
$
$
$
$
213,537 $
21.0%
120 +
28,629
(918)
872
6,611
35,194
5.4%
$
$
$
$
$
$
$
$
2,161
0.9%
030
3160
6190
91120
120 +
0.0%
13.4%
0.0%
121.7%
0.0%
0.0%
57.1%
0.0%
-1.1%
0.0%
18.6%
28.2%
0.0%
0.0%
0.0%
1.1%
1.5%
0.0%
0.0%
0.0%
8.5%
-0.1%
0.0%
8.7%
0.0%
7.5%
0.0%
0.0%
-41.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.1%
Ac c ountsRe c ie va b le -a sa t:
M a y31,2014
Tota l
%
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
ACW
OPP -On Pa ym e ntPla ns
A1 -Colle c tions
AirCond itioning
ISC
Ore c k
Future Pm t
25,342
(4,029)
(4,161)
(14,991)
8.6%
41.0%
0.0%
0.3%
0.0%
50.2%
Future
$
$
$
$
$
$
338,674
1,622,608
9,966
1,989,812
$
$
$
$
$
$
3,961,060
$
$
$
030
218,161
$
$
12,127 $
214,471
$
3160
218,146
926,913
$
$
(109) $
1,288,901
$
6190
62,993
458,260
91120
120 +
Future Pm t
$
$
3,564
24,221
$
$
28,629 $
(918) $
25,342
(4,029)
(762) $
1,999
$
872
$
(4,161)
311,067 $
183,753
$
6,611
$
(14,991)
030
3160
6190
91120
120 +
0.0%
13.4%
0.0%
121.7%
0.0%
0.0%
57.1%
0.0%
-1.1%
0.0%
18.6%
28.2%
0.0%
0.0%
0.0%
1.1%
1.5%
0.0%
0.0%
0.0%
8.5%
-0.1%
0.0%
8.7%
0.0%
7.5%
0.0%
0.0%
-41.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
100.0%
$
230,288
5.8%
$
2,433,851
$
831,558
$
213,537 $
35,194
61.4%
21.0%
5.4%
0.9%
$
2,161
0.1%
Average Days - AR - Current Month
60.3
Sales - TTM:
23,706
Ttl AR:
4,176
.
3,655
Average Days - AR - Prior Month
56.6
Sales - TTM:
23,487
Ttl AR:
3,655
.
3,627
Average Days - AR - 10
58.0
Sales:
22,414
Ttl AR:
4,214
.
2,910
Average Days - AR - 09
62.1
Sales:
15,754
Ttl AR:
2,910
.
2,447
(i) TTM = Trailing Twelve Months
C:\Users\mbyiers001\Desktop\AXE_Houghton_Margin_Report Aug 31 2014_v1
DISTRIBUTO R -ACCO UNTS RECEIVABLE
Line N o. BP N um b e r
Aug ust31,2014
Custom e r
Tota l
Future Pm t
030
3160
6190
91120
120+
EDC -Exc lud e d Ac c ounts:
EDC Approva lVa lid a tion:
309054 Costco Wholesale
197167 Best Green Technologies (Matt Sullivan)
140387 Northern Response Retail CDN
18
48
585
16
30
76
558
54
562
1
78
539
36
580
117045
176518
337587
112263
172141
304714
320564
178057
322413
101999
309054
313432
173770
328737
Oreck Centres of Ontario Inc.
Linstead, Robert
KIO TREND Customer
The Bay
Brand Developers Ltd.
Marshall Fabric
Portable Comfort Store Golub USD
Portable Comfort Store Golub Mark
Mark Golub - Amazon.com
Canadian Barter
Costco - Wholesale
Opielka, Martin Germany
Shark Technology SRL
Century Writeups & Consultancy Ltd
$
Ba la nc e $
9,246
$
145,423
-34.68
31.01
220.5
491.03
1473.2
2160.77
5743.79
9246.29
24956.91
33965.41
67168.5
Approve d $
$ 2,000,000
$
50,000
$
200,000
$
-
$
$
$
$
$
Exc e ss$
(29,848) $
(22,157) $
10077.04
173.25
491.03
455.75
247.32
-26536.55
-22130.48
-3484.48
-1220.4
64,466 $
-10077.04
844.2
500.6
5743.79
57377.7
232
$
132,729 ContryofO rig in
-109.69
-34.68
140.7
220.5
342.13
1070.72
535.62
24956.91
33965.41
71873.38
W H O LESALE-ACCO UN TS RECEIVABLE
CUN TRY OFORIGIN
Line N o. BP N um b e r
Custom e r
Tota l
EDC -Exc lud e d Ac c ounts:
132806
TVACha ts
#REF!
EDC Approva lVa lid a tion:
150635 Ace Hardware Corporation USA
301274 Ali & Sons Hardware True Value
130177 Windsor Plywood (Brandon)
168072 CTC - Canadian Tire
130945 Chadwick's and hack's
183308 Chediac Furniture & Appl.
199302 COSTCO WHOLESALE CANADA LTD
309054 Costco Wholesale
179121 Energy Wise Solutions
138014 Federated Co-op Ltd.
105704 Home Hardware
309267 Mister Sew Vac
160202 North American Lumber
301281 North Wellington Coop Services Inc..
140387 Northern Response Retail CDN
189205 Pleasant Supplies LTD. Tim-Br Mart
164198 Klimfax
140071 The Shopping Channel
183112 Sears Canada Inc.
197105 Sechelt Fire Place Ltd.
117162 Tip Top Parts - Surrey
191694 Slegg Construction Materials Ltd.
189204 King Street Tim-BR Mart
197256 CEFCO - A Division of Torbram Supply
112774 Vacuum Rebuilders Of Calgary
117186 Vacuum Specialists
303555 Windsor Building Supplies Ltd
301264 Country Depot Alexandria
301712 Country Depot Mitchell
189136 Kent Building Supplies
112652 7594828 Canada Inc. (TruServ Canada)
AXEBa la nc e $
-
#REF!
-
869,952.66
6
16
19
22
25
28
31
34
40
43
48
55
62
241
244
252
100293
100954
101105
101310
101320
101558
101688
101829
102472
102560
104329
104895
105452
106397
106986
108515
Alberta Vacuum Expert NW
Bedroom Vacuum Shop
Bert's Vacuum
Bob's Vac Shop
Bobby, Jim
Brantford Vacuum
Brown Shoe Co. Ltd.
Burnaby Sew N Vac
Clean More Service
Cole's Appliances Ltd. (001)
Four Seasons Sunrooms - Utica
Gopher Wood Inc.
Henry Vacuums
K-W Sewing machines
Labar Sales & Distribution
Mick's Vacuum
Future Pm t
#REF!
Approve d $
500,000.00
20,000.00
50,000.00
1,000,000.00
20,000.00
40,000.00
1,000,000.00
650,000.00
150,000.00
500,000.00
500,000.00
15,000.00
160,202.00
20,000.00
200,000.00
30,000.00
75,000.00
1,000,000.00
200,000.00
20,000.00
100,000.00
60,000.00
50,000.00
50,000.00
30,000.00
30,000.00
150,000.00
20,000.00
20,000.00
350,000.00
250,000.00
-
030
3160
#REF!
#REF!
6190
#REF!
91120
120+
#REF!
Exc e ss$
-
-
35,502.63
582,059.49
162,361.80
6,594.58
83,434.16
Line N o. BP N um b e r
Custom e r
261
109352 Ontario Vacuum
266
110422 Roadside Antiques Grocery Store
277
112060 Elite Vac & services
295
113209 WCI Realty
298
113243 Schwartz, Enid
301
113807 Your Vacuum Superstore
305
113916 A Plus Vacuum Doctor
311
114036 Barron's Furniture
315
114121 Birtley Furnaces
318
114350 Charles Garcia Construction
322
114845 Golden Gate Enterprises
331
114846 Donald Caffero
334
116209 Shakopee Vacuum U.S.
342
116515 Vacuum Cleaner Outlet
347
116604 Weber Supply w
350
117000 Vacuum Unlimited
376
119985 Greffard's Saw Shop
379
122092 Bullseye Media U.S.
384
124482 Hoke-e-Geez,
U.S.A.
387
125456 B & B Sale LLC
393
126843 Peters Appl. Sales & Svc
396
127709 Tilley, Neville
405
128176 QC Supply
408
130177 Windsor Plywood (Brandon)
413
130946 Win-Leader Corp.
418
131981 AB Vacuum Center
424
135533 Blitz Appliance Service & Sales
446
139137 Ray's fireplaces
469
140950 Supplement Nutrition Plus
473
142845 Chernetz George
477
143178 Enviro Brite Industries collections
482
143331 JEB Supply Co. U.S.
591
153297 Going Fishing
662
163608 Mega Group USA (Best Brand Plus)
671
164941 Organic Source
674
165369 Cole, Bill & Lynette
682
167479 GR Enterprises
688
170275 Gilbert, Stephen
695
171498 Sexton Group Ltd.
699
173766 Superior wood product
707
175347 Floral Decor
712
176053 The Fire starter
829
184311 B.H. Allen Building Centre Rona
834
186175 Dewdney Enterprises Ltd.
842
187717 Pettis Pools & Patio
847
189049 Fireside True Value
858
189205 Pleasant Supplies LTD. Tim-Br Mart
861
190532 Birch Auto Farm Supply
870
191726 Val Est Ace Hardware
875
196730 Samy Profeta
878
197094 J & B of 14th Street
884
197105 Sechelt Fire Place Ltd.
890
197968 Windsor Plywood Williams Lake
895
199949 Beachcomber Home Leisure
898
301283 Windsor Plywood AIRDRIE
909
301712 Country Depot Mitchell
913
311122 Brazeau, Serge
916
311174 Evans, Thomas
919
311212 Graham, Pat
922
311220 Dionne, Lynn
925
312018 Sutherland, John (Rosseau, ON)
Tota l
Future Pm t
030
3160
6190
91120
120+
Line N o. BP N um b e r
Custom e r
928
312051 Scime, Joe
931
312111 Lavoie, Odette
934
312171 K Promotions
937
312389 Larson, Leanna
940
312627 Kirk, Maureen
948
312715 Jeffries, Chris
951
312794 Reid, Nancy
954
312963 Sarasin, Francoise
957
313626 Reid, Gloria (ON)
960
313861 MacDonald, Gregory
963
313886 Vine, Stuart
966
314054 Provost, Helene
969
314100 De Lamirande, Helene
974
314123 Spring, Trudi
977
314125 Smiley’s
980
314324 Simard, Lisa
983
314371 Allard, Giselle
986
314580 Marshall, Jodi
989
314582 Kings Vacuum
996
314751 Rebiffe, Armand
1000
314804 Wilson, Doug (Minnedosa, MB)
1003
315092 Riediger, Catherine
1006
315203 Johnson, Bruce (Lyndhurst, ON)
1009
315227 North, Nancy
1012
315246 Tellier, Jean
1015
315281 Robinson-Pratt, Gale
1019
315294 Forbes Brothers
1022
315382 McLaren, Charles
1025
315417 Grace, Andrea MacKay
1028
315419 Steele, Jim
1031
315426 Allard, Shawn
1034
315492 Hunter-Gray Financial
1037
315596 Evans, Dave (Victoria, BC)
1040
315806 Hogue, Bob
1043
315877 Doolridge, Betty
1047
318453 AVI ELectronique
1051
318520 Guys Vac Shop
1060
323387 Giroux, Gabriel
1064
324825 Happy Camper RV Alberta ltd
1086
333984 Hometown Hardware
1090
334170 On The Spot Carpet Cleaning
1093
335844 Redcliff Home Hardware
1270
340842 Terminix
727
178451 Parts Centre LTD.
382
122390 America's Hometown Brand Center
13
100595 Aspirateurs 2000 Plus
730
180329 Quality Stoves & Fireplaces Ltd.
264
110219 Refrigeration RM
1273
341067 Mongoose Merchants LLC
257
108548 Miller's Vac Shop Inc.
1084
333598 Northgate Vacuum
865
191694 Slegg Construction Materials Ltd.
943
312714 Aspirateur Cote Vertu
273
111724 St. Paul Electric
732
183110 Walmart Canada Corp.
887
197256 CEFCO - A Division of Torbram Supply
271
110781 S & R Heating
1267
340674 Quick Auto
832
184557 Torbram Electric Supply
1082
330820 Shop Chimney
65
105577 Hinton Vacuum
Tota l
Future Pm t
030
3160
6190
91120
408.45
-683.65
-432.6
-409.5
-357
-289.8
-230.89
-203.4
-138.51
-79.55
-68.25
-28.25
-15.36
-13.63
-4.5
1.57
42
82.2
103.95
-432.6
-216.93
-13.96
-173.25
262.5
16.95
45.51
82.2
120+
-408.45
-683.65
-203.6
-79.55
-412.3
-474.6
351.43
-208.95
312.9
1.57
42
-205.9
-357
-289.8
-203.4
-138.51
-157.5
429.4
-13.63
-4.5
Line N o. BP N um b e r
Custom e r
715
176611 Towne Ford sales
46
102955 D & R Vacuum & Appliance Ltd.
411
130671 Mrs. Vacuum
51
104374 Fraser Highway Vacuums
647
160202 North American Lumber
37
102416 City Center Vacuum
1096
336523 Brookstone Inc 2
11
100325 All Vacuum Store
259
109138 Norm's Vacuum
686
168700 Transworld Imports Inc.
691
171181 Aspirateurs Lasalle
248
108295 McHardy Vacuum
289
112772 Vacuum Master
500
147526 TIMBRMART
355
117162 Tip Top Parts - Surrey
679
166292 Rewards Department Store
653
163222 Staples Business Depot Head Office
358
117186 Vacuum Specialists
1254
339728 BestBuy.ca
838
186705 Coop Atlantic
704
174558 Currie's Hardware
667
164198 Klimfax
720
176894 Dino's Appliances
280
112652 Truserv
595
154030 Home Depot Canada
1067
325624 Samtack
873
195646 Amherst HH
1104
337701 Groupon Canada
1077
330150 XS Cargo
853
189136 Kent Building Supplies
455
140071 The Shopping Channel
1285
341560 MSR
Tota l
138.99
303.97
327.7
337.62
354.82
437.85
439.26
462
552.57
567
576.45
594.56
987
1013.68
1013.99
1029.25
1076.15
1157.1
1419.5
1688.22
2067.9
2392.95
2458.88
4395.86
4793.66
5723.41
8211
19284.57
36000
129883.33
210342.59
432646
Future Pm t
030
3160
107.1
1073.5
6190
1864.5
646.49
567
576.45
557.26
656.25
1890
367.5
439.26
552.57
330.75
-69
341.1
-462
1898.4
2458.88
1247.4
2481.67
3856.81
-488.74
8211
16381.53
-163.85
551.09
-180.8
2903.04
130182.78
432646
-1217.01
-718.68
437.85
735.05
2988.3
647.46
1688.22
169.5
-1369.2
772.04
120+
1356
303.97
327.7
230.52
462
37.3
91120
2000.1
-4671.92
1029.25
2392.95
2396.64
-542.4
-544.5
-147
6446.61
1477.66
-299.45
82757.59
36000
126107.34
W H O LESALE-O DS -ACCO UNTS RECEIVABLE
Line N o. BP N um b e r
Custom e r
Tota l
EDC Approva lVa lid a tion:
117154 McNally, Terry
185337 Brands Direct
303557 Brands Direct-RC
$
Aug ust31,2014
Future Pm t
Ba la nc e $
-
$
-
$
Approve d $
50,000
$
50,000
$
-
030
3160
$
Exc e ss$
-
$
$
-
$
-
$
6190
-
$
91120
-
$
120+
-
$
-
Com m e rc ia lAc c ountsRe c e iva b le
Line N o.
1
4
9
12
17
20
23
26
29
32
35
38
41
44
47
49
52
55
58
64
67
70
73
76
79
82
85
88
91
94
97
100
103
106
109
112
115
120
123
126
131
134
137
141
147
150
153
157
162
167
170
174
181
184
187
BP N um b e r
31Aug 14
Custom e r
100116
100220
100524
100691
100859
101781
101885
101908
101932
102194
102306
102325
102368
102419
103752
103831
104656
104872
104902
104950
104976
105034
105519
105601
105966
106070
106475
106489
106648
106947
106969
106974
107047
107355
107837
108011
108116
108173
108775
108927
109097
109475
110302
110402
110605
110670
110684
110767
111134
111238
112944
113671
113755
114528
115178
Tota l
$
A & A Building Cleaning & Contracting Ltd
Adventure Inn
Arctic Co-operatives Ltd
Bailey's Restaurant
Basic Tool Rental
Budget Inn Patricia Hotel
Byers Funeral Home
Cactus Tree Inn
Little Skolar Kollege
Lubavitch, Chabad
Fraser, Cheryl
Chief Cornerstone Church
Christian Life Assembly
City of Winnipeg
Eagle Nest Resort
Broder Co.
Georgian Bay Development
Gonzales, Rita
on holds
Lawrence, Michelle
Lombard Glen Golf & Country Club
Greentree Properties
Hicks Funeral Home
Hobbs Home Service
Imanuel Pentecostal Church
Jackson, Mary Ann
Katz, Sam
Kazina Enterprises
Kildonan House
Kurkilahti, David
Kyle Hotel
Lac La Biche Inn
Lakeview Gospel Centre
Les Aspirateur Du Nord
Maid in Manitoba
Marler, Roy
Econo Lodge Notre Dame
Maxwell Colony
Morrin Industrial Repair Ltd.
Nairn Vacuum & Appliance
Nisbett Funeral Home
Pantry and Privy
Moonlight Inn & Suites
River East School Division No.9
Rosebank Colony
Round-Tuit Cleaning
Roxy Lanes
Ryan & Odette Funeral Home
Casa School
Shelton, Ian
Viking Inn
Woods, Bill
Yellowhead Arena
Days Inn & Suites-Niagara Falls
Big Sand Lake Lodge
-
$
7,764
Future Pm t
$
-
030
$
958.55
2,075
341.25
3160
$
5,808
6190
$
91120
891
$
441
-87.03
-87.03
1.3
-0.02
-0.02
-0.01
-0.02
AXE_Houghton_Margin_Report Aug 31 2014_v1
(1,451)
-240.23
39.5
245.21
$
617.3
-240.23
3452.55
120+
-73.05
3525.6
245.21
-39.5
1.3
0.01
% >90 Days
Line N o.
190
193
197
203
205
211
214
218
222
224
228
232
236
240
245
248
257
260
262
271
274
278
283
288
294
297
301
306
310
315
320
324
329
333
335
339
343
347
351
353
357
361
365
369
373
377
379
383
387
391
405
409
413
417
419
428
432
436
BP N um b e r
115760
116466
116934
116991
117188
117283
117865
117886
118031
118266
119065
119814
120838
121065
122536
124881
126760
127016
127055
127199
128177
130447
130598
131055
131090
131794
132107
132156
132190
132194
132436
132606
132927
132999
133439
133470
133881
134422
135327
135949
136189
136263
136478
136610
136622
136674
136822
136907
136983
136996
137105
137111
137193
137242
137340
137814
137838
139219
Custom e r
New Dimensions of Christ Church
Travelodge - Quesnel, BC
Humpty's Restaurants
Magnus Poirier Funeral Home Inc.-St Leonard
Valhalla Inn Thunder Bay
Super 8 Abbotsford
Super 8 Motel - Scarborough
Stampeder Motel
Mills, Cheryl
Normaway Inn
Days Inn - Wallaceburg, ON
Best Western Plus Orangeville
Campbells Plumbing & Heating
Best Western Royal Oak Inn
Fusion Grill
Dika Industries Ltd.
Smith, Darrell
All City Vacuum
Church of Jesus Christ
Winnipeg Football Club
Happy Cat Sanctuary
Dechtel TMP Project Office (Bruno Plaza)
Ukrainian Cultural Center
My Service and Support
Leroys Motor Inn
Best Western Fireside Inn
Bridal Boutique
Dream Clean Services
Salt N Lace
Affordable Bridals Inc.
Nisku Place Motel Ltd.
Fairmont Hotsprings Resort Ltd.
Blackfoot Inn
Best Western Mermaid Group
Albion Manor Bed & Breakfast
Reflections on the lake(Retreat)
Jasper Place Hotel
Best Western Crusader Inn
Canadian Mountain Holidays Inc.
Village Court Pharmacy
Smith Camps
Georgian Bay Fishing Camp/ C/O Wright's Marina
Ark of Avalon B & B
Jewel Clean INC
Keneally Manor
Deer Park Golf Course
Clean Family Clean Inc
You've Got Maid Cleaning Co
Sea Kindly Bed & Breakfast
AJP Building Maintenance
Kawartha Ccleaning Service
Belgravia Bed & Breakfast
Gingerbread House Inn
Superb Heli Arc Welding
Maynard Lake Lodge*
Sunshine Janitorial & Supplies
Nisku Janitorial Contracting Ltd.
Interlake Colony
Tota l
Future Pm t
030
-108.26
-57.46
3160
6190
91120
-108.26
-260.86
203.4
-359.34
-359.34
-152.39
315.04
-467.43
-36.75
-36.75
33.9
-57.44
-57.44
126.42
126.42
108.68
108.68
-230.52
0.3
-230.52
0.3
AXE_Houghton_Margin_Report Aug 31 2014_v1
120+
-33.9
% >90 Days
Line N o.
445
448
452
456
459
463
467
470
472
476
481
484
486
496
501
504
508
511
519
535
540
556
559
562
565
570
573
576
579
582
585
587
590
595
598
601
605
610
613
615
618
621
624
626
630
633
641
645
649
652
662
666
668
671
675
678
681
684
BP N um b e r
140053
140326
140370
140619
140728
140868
141324
141455
142665
142937
143033
143462
144758
151913
152897
153477
153899
154631
155462
158210
158804
159447
160914
161064
161800
162224
162833
162839
163298
163541
163895
164551
164597
164951
165547
165612
165932
165952
167596
167897
168243
169371
169880
170137
170277
171224
172029
173245
175865
175906
177173
177280
179620
180376
180670
180680
181449
181494
Custom e r
Arno, John
J. Scott Early Funeral Home
Dust Bunnies Away
Dermody PX Funeral Homes Ltd.
Webers Appartments
All Pro Cleaning Inc.
Deluxe Bowl
Canad Inns Polo Park
Vineland Missionary Church
Bunzl Canada Kingston
Falkingham, Jim
Mondial 2000 Inc.
Oak Bank Elementary
Care Allot For Tots
Sagh, Anton
Woodsy, Enterprises
Chipman Hill Suites
Auto Tech Inc.(Vera Pribyl)
Wagner Real Estate Holdings
Gerrie Electric
90131079 Quebec Inc.
Super 8 - The Pas
Gould, Donald
Suno, Sulayman
YMCA Orillia
Mar-Schell's Music
Thibodeau, Marianne
Roseman Corporation
Castle, Dianne
McDougall & Brown Funeral Homes Toronto
Olienick, Penny
Niverville Heritage Centre
Moms And Children Paradise
Brock Built-In Specialists
Gold Eagle Lodge
The Haven Resort
Otis Health Care Centre
Atlas Graham Industries Co.
Kehler, Allan
Canada Wide Vehicle Finance
Knox Day Care
Marlow, Donna
Super 8 Motel
Laser Quest
De Rosa, Jean
The Downtown Hotel
Fineberg, Ron DDS
Mennonite Bretherin Ministry Center
Arcane Horizon
Racket Shack
Teen Stop Jeunesse
Erstelle, Ryan
De Zine (Lloyd Segal)
Quality Pool & Spas
Grant Sign Imaging ( Will Thompson)
Dave Mantle CGA ( Dave Mantle)
Royackers Kennels Inc
Martyn Funeral Home
Tota l
Future Pm t
-31.58
-0.09
030
3160
-31.58
6190
% >90 Days
120+
-0.09
-309.54
-309.54
203.57
150.57
-138.44
617.04
91120
53
-138.44
1213.62
-306.51
-596.58
306.51
-744.67
-744.67
-468.9
-468.9
246.02
-62.15
AXE_Houghton_Margin_Report Aug 31 2014_v1
246.02
83.51
-83.51
67.74
-67.74
-62.15
Line N o.
687
691
694
699
703
706
712
721
723
728
731
736
738
744
747
750
754
760
762
764
766
769
772
777
782
785
788
791
794
798
801
804
807
810
813
820
823
826
829
831
833
836
841
844
847
850
853
855
859
861
865
868
871
874
878
882
884
887
BP N um b e r
181604
181968
182630
185040
185420
185511
185550
185608
185612
185622
185627
185628
185963
186037
186136
186190
186192
186364
186403
186477
186480
186484
186489
186491
186592
186627
186703
186749
186762
186774
186779
186785
186795
186797
186908
186911
187044
187423
187438
187528
187841
188842
189258
189865
189943
191266
192544
193188
194655
195055
195644
195753
196278
196591
198006
198904
199116
199752
Custom e r
St. Alphonsus Church( Kathy Klassen)
Pleasant Valley Golf & Country Club
Merry Maids of Ottawa
Taneda, Phil
Clarion Hotel/Winnipeg
Hotte, Pierre
Tanshaw Sanitation Inc.
Westmark Whitehorse
Ed Cooney Services
Maid Pro Airdrie
Balmoral Hotel
1136 Main Street
Curtis Gordon Motor Hotel
Parkland Evangelical Church
Motel 400
Beaufort-Delta Divisional Edu. Council
Barnay's
Sun and Moon Cleaning
A Miracle Sanitation Supply
BMS Sanitation & Safety
DKJ Mechanical
Brown, Chris
Carter Food Ltd.
Centennial Park Golf Centre
Planet Clean Duncan
Marias Beauty Salon
Westway Inn Motel
Yelle-Adams, Judy
Service Master
Green Earth Carpet Cleaning
School District 67
Best Value Inn
Timber Lanes
Tropicana Suites Hotel
Aspirateurs116
Vardy's Ambulance and Funeral Home
The Pas Alliance Church
Glad Tidings Church
Grass River Lodge
Best Western Charter House Hotel
Vitalines Cleaning
Evoy & Associates
Buffalo Point First Nations
Morden Home Hardware
Peek A Boo Daycare
EOS Financial Group Inc
Limestone District School Division
Capitol Banquet Centre
YMCA Barrie
Phillip, David Dr.
AGT Services
Salt Spring Inn
The Bridge Church
Centro Motel
Clean As a Rose
Travelodge Suites Moncton
Play It Again Sports
Duchess Hall
Tota l
Future Pm t
030
70.58
70.58
-406.46
90.14
90.14
312.9
-34.49
39.15
-30.34
0.6
-31.68
0.2
-52.5
50.85
-159.16
179.68
202.27
3160
91120
-167.28
114.02
224.82
0.6
-150.64
-239.18
50.85
-159.16
179.68
202.27
596.58
-0.1
-337.92
449.74
449.74
337.82
39.15
120.3
-31.68
0.2
596.58
AXE_Houghton_Margin_Report Aug 31 2014_v1
120+
347.39
-224.82
-114.02
6190
-52.5
% >90 Days
Line N o.
891
894
897
900
904
908
912
915
919
921
923
926
929
932
935
938
945
948
951
954
957
960
965
968
971
975
978
981
984
987
990
993
998
1001
1004
1007
1010
1015
1018
1023
1026
1032
1035
1038
1041
1044
1047
1050
1053
1056
1059
1062
1065
1068
1071
1074
1077
1080
BP N um b e r
199885
300498
300740
301155
301772
302017
302597
306230
308145
308150
308427
308760
311082
311138
311184
311201
311218
311995
312023
312105
312134
312228
312274
312285
312286
312294
312306
312383
312402
312497
312602
312635
312931
312985
313035
313114
313168
313174
313246
313506
313588
313691
313800
313859
313996
314089
314102
314420
314559
314629
314894
315201
315423
315625
315631
315637
315662
315666
Custom e r
Burnet Restaurant & Lounge
Devonshire House
Koster Denture Clinic
King, Gary Grand Bend
Tipper, Garry
KBI Realestate
Bien, Dorothy
Speer, Jane
Village at Smith Creek Baptist Housing
Baptist Housing Ministries
D-7 Property Management
Caputo, Jerry
CRS Commercial Carpet Maintenance
Stayner Veteranarian Services
New Avenue Hotel
Cantrill, Georgina
Access Credit Union
Players Sports Bar
Graham, David
Tatogga Lake Resort
Maid Pro Leduc
Dr Generosity
Abrams, Chris
Kay-Vee Lodge
Roberts, Dawn
Jani King
Town of Gillam
Timms, David
Christian Victory Church
Gendron, Louise
Stewart, Rhonda
Tim Hortons Vancouver
Dionne, Stephanie
D-7 Properties Roslyn
Maid Pro Greenwood
Hawkes, Beth
The Granite Guys
Nickerson, Jacqueline
Capstick, Beverly
Acadian Construction
Whistler Blackcomb
Islamic Society of Cumberland
Bernier, Yvonne
Martyn, Gerry
Visser, Tiffany
Southeast Nunavut Co Ltd
Ardent Group
PCC #240
Jurasits, Margaret
Hartle, Doug
Uni Village Day Care
Goudeon Insurance Brokers
Newman, Beth
Bradshaw. James
Johannesson, Konrad
Proudman, Colin
Cox, Marilyn
Heaver, Mary
Tota l
Future Pm t
164.17
-312.8
030
3160
6190
91120
164.17
-312.8
-27.45
0.01
0.05
AXE_Houghton_Margin_Report Aug 31 2014_v1
120+
-27.45
56.44
-56.43
0.05
% >90 Days
Line N o.
1085
1088
1091
1094
1098
1102
1104
1106
1109
1111
1113
1116
1119
1123
1125
1129
1132
1135
1139
1142
1146
1149
1151
1153
1156
1158
1161
1164
1167
1172
1174
1177
1180
1183
1186
1189
1192
1195
1198
1203
1206
1209
1212
1215
1218
1221
1224
1227
1230
1233
1236
1239
1242
1245
1248
1253
1256
1259
BP N um b e r
315730
315843
317412
318666
319053
319435
319637
320051
320086
321163
321348
321504
321627
321656
321995
322129
322662
322710
322823
323018
323088
324431
325520
326052
328185
328670
329826
330675
330995
331150
332030
332046
332067
332284
332858
333022
333326
333437
333467
333605
333693
333757
333758
333933
334268
334323
334497
334842
334848
335056
335265
335314
335323
335351
335355
335431
335492
335539
Custom e r
Sodexo Services BC
Couillard, Gilles
Dynamic Equipment Rentals
Harris Meats
Corbek Services
Maple Ridge Seniors Village
Petros Hair Design
City of Wpg Centennial Pool
Roscoe Postle Association
Alexander Mackenzie Hotel
Morfit Training
Melnick Motors
Holiday Inn Wpg Airport
Dauphin Express Inn
Penner, Greg
Corydon Hardware
Fox Valley Farms
Adrian, Janna
michaels*
Mighty, Ian
Janzens Paint & Decorating
Trautwein, Sig
Best Western Plus Wpg West
Hudson's Bay Railway
Days Inn Berry & Sargent
Thompson Plaza
Malloway & Eliason Insurance
Jysk Leila
I.T.B. Mfg Co.
ActivTek Canada
Akman Construction
Sklar Agencies
The Historic Skagway Inn
Moore, Debra Jean
DeYoung, Keith
Centro Caboto Centre
DMW Floors
Vernon Physiotherapy #102
255 Wellington
Brennan, Allan
Mrowka, Gregg
Bloomfield, Evan
Bethany Pentecostal Chapel
Rita, Burton
Trane Canada
Birch, Elisabeth
Winnipeg Condo Corp #89
Needham, DW
Yellow Point Drywall
Craplewe, Dennis
Smith, J
Celestial Church of Christ
Consumer Care Wilma
Ackley, Debbie
Student Housing & Residence Life
Associated Maintenance Serv Ltd
Performance Healthware Ltd
Pincombe, Alan
Tota l
Future Pm t
41.95
146.79
563.87
192.78
1174.92
-39.15
030
88.71
6190
91120
41.95
563.87
229.67
945.25
-39.15
837.9
-0.04
-111.87
-55.94
88.71
-94.92
297.8
107.35
0.02
AXE_Houghton_Margin_Report Aug 31 2014_v1
120+
146.79
192.78
837.9
-0.04
-111.87
-55.94
3160
-94.92
297.8
107.35
-66.65
66.67
% >90 Days
Line N o.
1262
1265
1268
1271
1276
1279
1283
1286
1291
1294
1297
1302
1305
1308
1310
1313
1317
1320
1323
1326
1329
1331
1334
1337
1339
1342
1349
1352
1355
1358
1361
BP N um b e r
335563
335566
335717
336050
336316
336519
336521
336618
336677
337230
337262
337370
337521
337691
337776
337875
338785
338991
339110
339213
339268
339502
339523
339580
339892
339986
339988
340004
340322
340513
341441
Custom e r
Nye, Murray
Midway, Ron
Bagot, Sam
Pyett, Ross
Cedar Lodge Dundurn
My Gym
Ye Olde Card Shoppe
Super Thrifty Drugs
Micu, Florin
Swish Vancouver
Gumbusters
Morden Golf Course
McMurray Law Office
Southeast Missouri State University
Custom Computer Centre
Zaveco Ltd
Pirness, Eldon
Smith, Dianne
Klymkiw, Larissa
Adventure Quest Outfitters
Jou, Michael
ST.CLAIR RESIDENTS
Wesclean Lethbridge
Golf Town Kitchener
Sawatzky, George
Melnychuk Farms
Waterman, Hazel
Hoenow, Gord
Eganville & District Senior Center
Szwaba Rocio
Home Town Co-op Broadview
Tota l
Future Pm t
030
3160
6190
91120
120+
-0.01
-0.01
338.28
338.28
202.27
202.27
62.09
62.09
83.51
AXE_Houghton_Margin_Report Aug 31 2014_v1
-83.51
% >90 Days
IN TERN ATIO N ALACCO UN TS RECEIVABLES
Line N o.
BP N um b e r
Aug ust31,2014
Custom e r
Tota l
EDC Approva lVa lid a tion:
Ba la nc e $
$
-
Future Pm t
030
3160
6190
91120
120+
Approve d $ Exc e ss$
$ 200,000 $
$
-
$
-
$
-
$
-
$
-
$
-
$
-
ACW
Line N o.
BP N um b e r
1
13
30
159
162
172
347
350
360
365
391
394
514
517
520
525
528
531
534
537
540
543
547
550
553
556
559
562
568
571
574
577
580
583
586
589
592
595
598
601
604
607
610
613
616
623
626
629
632
635
126103
133330
304300
313177
314765
318892
323044
330731
332070
332122
333143
333395
333655
333824
334081
334151
334250
334251
334252
334411
334430
334448
334562
334648
334649
334650
334673
334688
334805
335099
335267
335308
335423
335480
335551
335642
335651
335725
335772
336004
336189
336363
336952
337032
337374
337634
337763
337806
337879
337958
Custom e r
Ficks, Ilene
Lloyd, Laurie
Farrell, Linda
Lim, Carol
Leitner, Gregory
Potvin, Cathy
Gurnsey, Matt
Cloverdale Ace Hardware
St. Pierre, Simone
Kressock, LJ
Pleman, Wheaton
Kangas, Jean
Hoyle, Chelsea
Lim, Michelle
Bungay, Brent
Mirecki, Ben
Kotnik, Ivan
Banman, Abe
Unrau, Cornie
Nowtash, Amir
Craigen, Bonnie Rae
Fusco, Jennifer
Gravelle, Tom
Zselinszky, Antal
Johnston, Marvin
Klerks, Elizabeth
Balazs, Rose
Bargain Buyouts
Johnson, Thomas
Ewanyshyn, Michele
Boland, David
Prosser, Estella
Goetze, Robert
Hill, Dawn AB
Warburton, Andreas
Coles, Clayton
Stacey, Kevin
Ugly Ed and New and Used
Pogany, George
Northrup, Brian
Kiel, Kathy
Thompson, Lisa
Wong, Tchen
West, Shelley
Sweeney, Jason
West, Shelley NS
Veehuis, Vince
Urquhart, Del
Warth, Eric
Verdin, Debra
Tota l
Future Pm t
380,526.72 $
$
030
329,073
$
3160
35,009
$
6190
17,890
$
91120
5,231
$
120+
(6,676) Country of origin
Line N o.
638
641
644
647
650
653
656
661
664
667
670
673
678
681
684
724
728
731
736
739
742
745
748
751
754
757
760
763
766
769
774
777
791
794
799
804
689
33
68
211
194
397
789
807
342
814
822
772
368
802
797
780
BP N um b e r
338333
338444
339215
339288
339336
339337
339338
339418
339488
339619
339755
339765
339800
339814
339844
339876
339965
339966
340153
340175
340195
340340
340497
340582
340602
340688
340804
340810
340813
340815
341087
341088
341247
341289
341348
341512
339859
312572
312593
320579
320339
333599
341236
341537
322087
341586
341599
341079
332291
341509
341309
341089
Custom e r
Mortimer, Todd
Rudanec, Ronnie M.
Hopkins, Jeffrey
Guevara, Malvin
Bond, Jarrett
McKissock, Liam
Peters, K.
Bumbaco, Louis
Perry, Austin
Price, Bill
Young, Curtis
Thomas, Jerri
Henderson, David VA
McFadden, Sarah
Heaman, John
Malkin, John
Rowinski, Jan
Canning, Patricia
Chambers, Lisa
Kang, Sun
Black, Ronda
Tellier, Jocelyne
Spiller, Curtis
Chandler, Kevin
Farquhar, Mercedita
McClellan, Donald
Colvin, Jim
Martens, Marina
Bernier, Lucie QC
Cloutier, Claude
Clish, Leeanne
Laskey, Miriam
Evans, Sally
Boyle, Scott
Barkhouse, Kenneth
Karamatsou, Gloria
Brookstone ACW
Air & Water
QVC
SEARS
Axe Houghton Group (ACW)
Farr Tech Heat
Hoseman, James
Nakai, Hozumi
Amazon.com.ca
Bortolot, Mary
Munn, Darren
Nagy, Roger
Stewart, Perry
Flouton, Christopher
Susie, Sandra
Blair, Roger
Tota l
-5532.06
-4880.4
-3908.53
-2629.01
-1070.57
-905.48
-628.95
-523.95
-370.52
-359.34
-359.34
-278.07
-272.13
-251.46
-250.09
-245.85
Future Pm t
030
-1014.84
-2609.27
-1041.24
-5828.39
-628.95
-523.95
292.67
-359.34
-359.34
-251.46
-250.09
3160
6190
-209.65
450.87
-209.65
450.87
-450.87
408.45
-408.45
447.35
408.45
416.97
-447.35
-408.45
-416.97
-4517.22
80.6
366.01
-1070.57
91120
-969.13
2089.46
-81.31
120+
-450.87
419.3
-2351.73
-1898.16
743.91
-824.17
-663.19
-278.07
-245.85
-272.13
Line N o.
42
820
824
816
818
370
809
812
335
337
209
298
734
199
354
207
59
307
16
619
45
87
175
400
356
782
1
7
10
15
18
21
26
28
31
41
44
47
64
BP N um b e r
312575
341598
341600
341587
341588
332591
341553
341582
321301
321709
320573
320584
340074
320342
331248
320572
312590
320702
136221
337378
312577
312601
320327
333622
331906
341200
120710
131987
154471
310510
320352
320402
320403
320566
321134
332417
337798
337801
341357
Custom e r
ATG Stores
Munn, Wayne
Drouin, Mary
Marshall, Cindy AB
Szklarz, Richard
Earth Friendly Solutions
Poole, Mose
VV Marketing Inc.
Spectacular Products LLC
AJ Madison
Living Direct
Wayfair
Long Lewis Hardware
BJ's Wholesale
Rothenberg, Jeffrey
IVG Stores
Overstock.com
OPJ, LLC
Northern Tool + Equipment
Groupon USA
Bluestem Brands Inc
Homedepot.com
Amazon.com
Bestbuy.com
Heartland America
Staples Inc.
The Sportsman's Guide U.S.
ABC Vacuum Warehouse
Ace Hardware Corp
Oreck (Wichita Falls)
BW Inc
Quality Closeouts LLC
Ripley's Vacuum Center
Handy Hardwares
Oreck Clean Home Center (Vestal)
Source Network Sales & Marketing (Customer)
Robinson, Rhonda
SHOP.CA Network Inc.
McIntosh Hardware
Tota l
Future Pm t
-205.78
-179.67
-172.47
-166.95
-150.77
-28.4
-1.16
94.5
114.68
133.34
184.65
305.18
321.52
544.6
576.45
724.33
920.52
1381.78
2224.88
2593.06
3995.1
19819.65
32071.97
36554.11
48685.82
239807.84
-668.01
9527.48
1994.72
030
-179.67
-172.47
-166.95
-150.77
-49.15
-1.16
94.5
114.68
524.21
184.65
-523.91
3160
133.46
6190
-339.24
-96.62
117.98
1146.37
10887.9
16372.32
2757.11
9527.48
287.26
-147.44
-1134.31
2854.31
45.47
147.42
-17.74
-293.53
-17.74
-457.83
-158.49
-439.19
724.33
648.01
-5858.6
1226.45
321.52
96.68
-158.79
-138.79
576.45
5577.3
877.05
14460.09
-260.4
360.82
-206.36
-668.01
350.75
1917.97
241.79
2854.31
1215.63
120+
-0.61
66.96
1025.9
272.51
1663.08
998.43
2593.06
3995.1
8054.7
878.74
33797
49152.58
239807.84
91120
-774.68
-274
-147.44
-1134.31
B) Ag e d ListofAc c ountsPa ya b le -Tra d e ($CDN )
Line N o. BP N um b e r
31Aug 14
Ve nd or
Tota l
$
63
87
104
134
416
454
676
694
697
729
737
742
747
792
804
814
841
853
856
869
874
877
896
904
914
918
927
978
1004
1081
1148
181
1069
122
1
1145
541
424
1131
1095
809
50
963
1016
522
73
159
1084
463
933
821
732
1121
480
472
43
1023
924
200080
200103
200170
200202
200257
200272
200557
200562
200580
200643
200663
200666
200668
200687
200691
200713
200745
200750
200755
200782
200784
200785
200816
200870
200882
200883
200904
279894
279937
290076
299998
200236
290046
200189
200007
299997
200469
200262
290089
290087
200692
200067
210006
290017
200432
200088
200208
290081
200279
200909
200739
200660
290088
200307
200292
200050
290026
200889
Cristall Group Investments
Kirton, Donn
Instabox Ltd.
Manitoba Hydro
Postage by Phone
Receiver General
IPD Global USD, Inc.
International Housewares
Handy Hardware US
Prism Studios Inc.
T2M Productions LLC
Jin Hong Trading Co.
Shane, Dan
Webgains USA
American Comfort Worldwide, LLC
Briefings Publishing Group
Epic Express
Melnyk, Glen
BW Incorporated
Sameday(Seko)Worldwide..(CDN)
Stephen Douglas
World Bright Inc
Paymate
Metlife
Kio Trend
Thinker Electric Appliance Co., Ltd
Translink Shipping Inc
Parson Plumbing & Heating Co Ltd
Dongguan Uniclr Co. Ltd
Eurasia Logistics
AP Trade AXE
Oreck Sales USA.
Huizhou Trans Tune International Logistics Co. Ltd
Kingstar Media
ABF Freight System Inc
CRA
Purolator Freight, (Division of Purolator Courier Ltd...
Purolator Courier..
DSX - Port Inc.
Frontier Supply Chain Solution
Fine Line.
CJOB/CJKR-FM
Inteqna
TruEffect, Inc.
Sameday..
Day & Ross.
Mid Canada Production Services
Mavrick Consulting
Rogers Wireless
Frank Digital
CommerceHub
Living Well Company
RMS
Staples Business Depot
Shippers Supply Inc
Canada Post Corporation
Knotice
Reliable Products International LLC
(878,190)
Future Pm t
$
-
030
$
3160
(295,437) $
(733,221)
$
(147,416) $
-10952.7
300
2240.22
-2700
32994.74
6190
-2240.22
2700
91120
424,579
10952.7
-271042.64
-166841.36
-16683.61
-2583.59
-3264.63
-321.39
-1608.91
-2079
-3958.93
8533.53
-3395.65
-25203.7
-14.09
-4357.96
-22514.55
-3069.99
-16144.86
-9166.83
-10395
-3198.72
151014.66
-65964.86
-19858.92
-3876
-317.18
-19565.17
117758.55
85066.7
3022.75
-14104.99
-283.15
-5597.38
-4546.76
-2970.24
-3314.28
-1007.93
-480.17
-2246.52
-300
-17
-930.7
-429.99
-1611.05
(126,695)
-32994.74
17
-780373
-240976.28
-73241.13
-66337.76
-61746.23
-52800.65
-37312.47
-26096.36
-22918.31
-17777.15
-16373.12
-12474
-10715.72
-7843.18
-7273.21
-7095.97
-6898.42
-6699.36
-4998.22
-4885.83
-3590.93
-2884.63
-2882.59
-2745.74
-2478.18
-2282.9
-2209.02
-2199.42
% >90 Days
120+
$
-318.97
222.62
-1577.87
-405.58
-584.31
-546.07
-1357.31
-900.31
-36.38
-538.31
-780373
-238706.85
-52786.56
-12389.93
-1310.9
-7843.18
-7095.97
-6898.42
-6699.36
-3059.59
-4885.83
-2120.87
-2884.63
-1049.25
-2209.02
-2199.42
Line N o. BP N um b e r
Ve nd or
817
200736 The Cleaning Squad
1020
290024 YRC Freight(Axe)
97
200141 GHY USA
511
200359 Van Houtte Coffee Services Inc..
712
200589 Higher Power Marketing
1086
290082 Pamco Printers
484
200350 Uline
110
200186 Kellett Copy Centres.
789
200676 JHS Electrical Co.-Dongguan
907
200881 IJS Global (Netherlands) BV
851
200747 Acryl Design Ltd
673
200505 Yellow Pages Group
458
200273 Red River Messenger Courier.
1026
290030 Poulin's Pest Control
488
200354 UPS.
716
200634 BFI Canada
179
200222 MTS Allstream Inc.
1079
290064 Joytv10
413
200253 Pitney Bowes
902
200850 CaseWare International
679
200558 SPS Commerce, Inc.
419
200261 Promat Services Ltd
48
200051 Canadian Barter System
670
200501 Clarke Transport
735
200662 A. Miracle Sanitation Supply Co. Inc.
839
200744 Lambskin Specialties
1077
290052 Miracle Sanitation Supply Co. Ltd.
931
200907 Temp-Tations Operating
132
200200 Lubavitch Centre
976
210021 Derksen Plumbing & Heating
93
200105 DSI Security Systems.
1075
290049 Trademark Printing
1047
290041 Cade's Forklift
802
200689 Constant C Technologies
517
200391 World of Water
861
200758 Carlyle Printers, Service & Supplies Ltd.
974
210017 Hibbert Intl.
867
200774 Altus Global Trade
537
200435 A-1 Credit
95
200127 Fedex
85
200096 DHL Express
740
200664 CHEP
54
200079 Cp Industries
1049
290045 Bison Transport
959
210000 preferred Pallets
1089
290084 Jiangmen Posi Refrigeration Appliance Co., Ltd
539
200455 CSA (Coordinated Strategic Alliances Inc.)
881
200786 Shenzhen Josen Industrial Co. Ltd
957
200912 Millenium Distributors Inc.
1034
290036 Oxygen Technical Services Ltd.
1143
290093 Shenzen Ningwe
1008
280004 Ernst & Young
899
200826 Swissies AG
21
200012 Aikins, Macaulay & Thorvaldson LLP
751
200671 YOAU ELECTRIC
718
200642 Coordinated Strategic Alliances, Inc
961
210005 Home Star
886
200812 King Post Industrial Co. Ltd
983
279913 Leo Zhang
Tota l
-2151.62
-1817.44
-1516.16
-1264.46
-1083.73
-1069.9
-759.04
-734.93
-723.53
-693.64
-613.95
-577.08
-481.61
-455.91
-440.91
-419.06
-405.67
-393.75
-342.27
-301.88
-296.04
-269.54
-266.86
-260.99
-250.05
-249.38
-214.03
-192.99
-150
-146.9
-105.81
-81.85
-81.66
-70.01
-64
-63.87
-62.24
-35.6
-27.21
-13.22
-11.52
-6.53
15
16.91
522.21
1808.89
1814.21
2491.44
3084.85
5799.91
13263.75
15200
19019.47
25588.52
26862.02
35692.28
108890
159144.94
207872.28
Future Pm t
030
-2151.62
-239.93
1293.46
-109.8
3160
6190
-406.09
-1264.46
187.01
91120
-731.73
-1293.46
-433.59
-138.41
-378.55
-693.64
470.59
-217.77
-310.6
10155.72
-419.06
-641.6
-119.07
-8.35
-342.27
-11.64
-134.77
2.99
-134.77
-287.39
-119.07
-10547.44
-40.84
-301.88
-131.78
-249.38
-214.03
-192.99
-1707.14
-13.22
-27.21
-11.52
-6.53
5819.6
2183.51
2415.16
754.06
2415.16
11300
22600
12600
-11300
18855.46
-2035.89
-514507.58
-8762.58
-145142.92
-156584.74
-723.53
-105.81
-81.85
-81.66
-70.01
-64
1643.27
-62.24
-35.6
108890
-1083.73
-1069.9
-759.04
-405.67
-393.75
-150
-146.9
-1817.44
-613.95
-577.08
-266.86
-129.21
-250.05
% >90 Days
120+
7313.45
255515.02
-5804.6
16.91
522.21
1808.89
1814.21
2491.44
3084.85
-1967.98
13263.75
-20000
19019.47
17531.53
686512.52
35692.28
60214.66
200558.83
B) CREDIT CARD PAYABLES
Ac c ount-De sc ription
Ce nturion Am e x20082016
Pla tinum Am e x20031013
Corpora te Am e x71001
Visa RBC 6162 U SD
VISA RBC 2204 -Justine
Tota l
$
-
$
-
$
-
$
-
$
-
$
-
Future Pm t
030
$
$
-
$
3160
-
$
6190
-
90 +
$
-
C) INVENTO RY
31Aug 14
Ac c ount-De sc ription
Total Inventory
13000000-01-00 - New . Oreck Retail Vacuums
13000002-01-00 - New . Oreck Air Purifiers
13000004-01-00 - New . Free Gift Inventory
13000006-01-00 - New . Oreck Commercial Vacuums
13000008-01-00 - New . Fast Commercial Vacuums
13000010-01-00 - New . Dehumidifiers
13000020-03-00 - New . Comfort Furnaces (BENTEL)
13000022-03-00 - New . RedCore Heaters (BENTEL)
13000024-03-00 - New . Heatstorm Heaters (BENTEL)
13013013-01-00 - Goods Clearing
13000014-01-00 - New . Plasma Cool Air Conditioning
13000026-01-00 - ACW Heaters
13000005-01-00 - OCO Inventory (AXE, Finance )
13000017-01-00 - New - FANS
11330000-01-00 - Demo . Oreck Retail Vacuums
11330050-01-00 - Demo . Oreck Air Purifiers
11330015-01-00 - Demo . Oreck Commercial Vacuums
11300150-03-00 - Demo . Comfort Furnances (Bentel)
11330000-03-00 - Demo . Red Core Heaters (Bentel)
11330007-01-00 - Demo . ACW Heaters
11330005-01-00 - Demo . Plasma Cool Air Conditioning
13300005-01-00 - Parts . Oreck . Air Purifiers
13300010-01-00 - Parts . Oreck Retail Vacuum
13300015-01-00 - Parts . Oreck Commercial Vacuums
13300025-03-00 - Parts . Red Core Heaters (BENTEL)
13300030-03-00 - Parts . Comfort Furnance (Bentel)
13300040-02-00 - Parts . ACW Air Conditioning (ADI)
13300100-01-00 - Resale . Oreck Retail Vacuums
13300300-01-00 - Resale . Air Purifiers
13300035-01-00 - Parts . Plasma Cool Air Conditioning
13300045-01-00 - Parts . ACW Heaters
13300021-01-00 - Thinker Parts
13400100-03-00 - New . Temptations (BENTEL)
13400200-01-00 - New . Intellitrap
13400300-01-00 - New . Amana Air Conditioning
$
708,651.90
25375.92
32659.4
38677.3
11469.14
23011.92
1397.14
40713.15
9708.85
276.33
33117.23
4478.03
37523.94
29820.53
-5342.04
27754.49
57425.97
574.66
116940.84
35166.31
34122.24
24728.12
30423.63
22248.89
5975.54
149.09
37950.47
20
10002.59
12982.23
509.38
8790.61
5861.01
62898.53
27542.88
2207.59
C) INVENTO RY
Ac c ount-De sc ription
Total Inventory
13000026-04-00 - New . ACW . Heaters (ACW)
13000000-04-00 - New . ACW . Air Conditioning (ACW)
13000027-04-00 - New . Heatstorm . Heaters (ACW)
13000025-04-00 - New . Red Core . Fire Places (ACW)
13000004-04-00 - ACW New. Free Gift Inventory
13000002-04-00 - ACW New Air Purifiers
13000017-04-00 - New ACW LifeSmart Fans
13200026-04-00 - Demo . ACW . Heaters (ACW)
13200000-04-00 - Demo . ACW . Air Conditioning ACW)
13200022-04-00 - Demo . Red Core . Heaters (ACW)
13200025-04-00 - Demo . Red Core . Fire Places (ACW)
11330050-04-00 - Demo ACW Air Purifier
11330000-04-00 - ACW Demo. Oreck Retail Vacuums
31Aug 14
$
220,014.31
57237
16987.68
111.07
10342.87
956.53
2848.83
1339.7
97540.47
19621.03
595.4
12433.73
B) Ag e d ListofAc c ountsPa ya b le ACW -Tra d e ($UDS)
Line No. BP Num b e r
31Aug 14
Ve nd or
Tota l
$
45
85
88
103
108
111
127
195
215
254
267
174
13
212
115
257
40
166
223
24
48
1
171
130
145
154
198
210
30
124
35
252
99
200876
200878
200885
200901
200910
210015
279924
279939
290020
290074
299999
279936
200855
290012
279918
290096
200874
279930
290051
200860
200877
200707
279932
279925
279927
279928
280002
290002
200864
279920
200867
290058
200900
The Hartford
VDTA / SDTA
Axe Houghton - ACW DS
Thinker Electric Appliance - for ACW
National Hardware Show 2013 c/o Reed Exhiitions
Small Biz Resource, LLC
PSE&G
Miguel Morthas
Shenzhen Josen Industrial - for ACW
Guangdong Chigo Air Conditioning Co Ltd
AP Trade ACW
Commerce Hub(ACW)
ABF Freight System(ACW)
Goodman Lang, Inc
Cumberland Containers
Mam Logistics
Southeastern Freight Lines
YRC Freight (Acw)
Source Network Sales & Marketing, Inc
City of Cookeville
UPS(ACW)
Hub
AmeriGas
Regus Management Group, LLC
Twin Lakes Telephone Cooperative
Verizon Wireless (Acw)
Priority Worldwide Services
Paul Ryan LLC
FEDEX(ACW)
Grainger
JHS Electrical ACW
Tennessee Department of Revenue
Hecny Transportation Inc
(19,565) $
-7042.32
-6351.13
-4298.01
-3924.66
-2589.93
-1185.21
-1068.85
-1043.89
-741.65
-598.3
-182.09
-171.44
-36.79
1.57
26
34.75
74.46
299.08
319.27
375.21
2260.78
6277.92
Future Pm t
-
030
$
3160
(14,801) $
-403.35
-2337.32
-376.65
-878.47
-6.69
-634
-9777.14
-171.44
-1140.06
-1.4
925.71
6190
(1,343) $
-862.91
-4298.01
3277.72
-590.67
-306.74
91120
(4,808) $
(8,151) $
120+
9,537
-628.89
-2158.2
-1855.61
-5147.17
-374.14
-4465.06
-299.01
-2737.32
-949.46
-239.68
-829.17
-1043.89
-139.73
-719.84
2255.21
-595.23
-360.11
-690.9
-210.63
-690.9
1326.28
8721.64
0.43
-331.95
1.56
-1.86
-3.92
0.98
-386.94
1107.19
74.46
299.08
-178.96
34.75
319.27
375.21
2260.78
6277.92
% >90 Days
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.11. September Margin Reporting
Axe Houghton Group Inc. – Interim Report
PwC
30
Sc he d ule D
Sc he d ule "D"tothe Ag re e m e ntd a te d April11,2011,b e tw e e nThe Axe H oug htonGroupInc ,a sBorrow e r,a nd Roya lBa nk ofCa na d a ,a sthe
Ba nk
BO RRO W IN G LIM IT CERTIFICATE
I,Be n Cohe n,re pre se nting the Borrow e rhe re b yc e rtifya sofm onth e nd ing
Se pte m b e r30,2014
1.Ia m fa m ilia rw ith a nd ha ve e xa m ine d the provisionsofthe Ag re e m e ntd a te d Ja nua ry26,2011 a nd a nya m e nd m e ntsthe re to,b e tw e e n
The Axe H oug htong GroupInc .,a sBorrow e r,a nd Roya lBa nk ofCa na d a ,a sthe Ba nk a nd ha ve m a d e re a sona b le inve stig a tionsof
c orpora te re c ord sa nd inquirie sofothe roffic e rsa nd se niorpe rsonne lofthe Borrow e r,Te rm sd e fine d inthe Ag re e m e ntha ve
the sa m e m e a ning she re use d inthisc e rtific a te .
2.The Borrow ing Lim itis
$
426,758
c a lc ula te d a sfollow s:
Tota lEDC Ac c ountsRe c e iva b le
Le ss:
a ) Ac c ounts,a nyportionw hic h e xc e e d s90 d a ys
Ad d :OPP Re ta ilAc c ounts e xc e e d ing 90 d a ysa sExc lud e d (g ),Be low
b ) Ac c ountsDue from a ffilia te s
c ) Ac c ountsw he re c olle c tionissuspe c t
d ) "Und e r90 d a ys"Ac c ountsw he re c olle c tionissuspe c t
e ) Ac c ountssub je c ttopriore nc um b ra nc e s
f) H old b a c ks,c ontra -ac c ountsorrig htsofse t-off
g ) Othe rine lig ib le a c c ounts
W hole sa le -Exc lud e d Am ounts
EDC Exc e ssLim itAm ounts
Plus:
Othe r.Re ve nue Ca na d a Corpora te Ta xre fund
Good EDC Ac c ountsRe c e iva b le
$
$
$
$
$
$
$
$
$
$
384,989
$
208,597
$
$
159,223
$
143,301
$
12,877
225,765
(17,169)
(A)
90.0%
M a rg ina b le Good EDC Ac c ountsRe c e iva b le
Plus:Non .EDC Ac c ounts
ACW .ShopN BC
Exc e ss$EDC a c c ounts
$
17,169
Distrib utor
W hole sa le
W hosa le -ODS
Inte rna tiona l
M a rg ina b le Good Non EDC Ac c ountsRe c e iva b le
$
$
-
$
17,169
75.0%
(B)
$
156,178
Tota lM a rg ina b le Inve ntory:
(i) Inve ntoryin Tra nsit:
Inve ntoryinTra nsitsupporte d b ypurc ha se ord e rs
(C)
(ii) Une nc um b e re d Inve ntorysupporte d b yc onfirm e d purc ha se ord e rs:
Tota lInve ntoryhe ld inCa na d a .N e w
$
Tota lInve ntoryhe ld b yc ustom e r
Tota lInve ntoryhe ld inACW .N e w
$
Le ss:
i) Inve ntorysub je c ttopriore nc um b ra nc e s
ii) Inve ntorysub je c tto30 d a ysupplie rpa ya b le s
iii) Othe rnonqua lifying inve ntory
50.0%
(D) $
-
50.0%
(F)
$
345,581
(G)
$
(75,000)
$
426,758
593,718
97,444
$
-
$
$
-
$
691,161
(E)
Tota lPote ntia lPrior-Ra nking Cla im s:
Sa le sta x,Exc ise & GST
Em ploye e sourc e d e d uc tions(EI,CPP,Inc om e Ta x)
$
W orke rsCom pe nsa tionBoa rd
$
W a g e s,Com m issions,Va c a tionPa y
$
Unpa id Pe nsionPla nContrib utions
$
-
Ove rd ue Re nt,Prope rty& Busine ssTa xa nd pote ntia lc la im sfrom 3rd pa rtie s
Othe r
$
$
-
C:\Users\mbyiers001\Desktop\AXE_Houghton_Margin_Report
sept 30 2014_v
Borrow ing
Lim it(B+D+F+G)
(65,000)
(10,000)
Le ss: Ope ra ting Fa c ility
M a rg inSurplus(De fic it)
$ 5,000,000
$ (4,573,242)
3.Anne xe d he re toa re the follow ing re portsinre spe c tofthe Borrow e r:
(a ) a g e d listofa c c ountsre c e iva b le (b ) a g e d listofa c c ountspa ya b le (c ) a g e d listofEDC insure d a c c ountsre c e iva b le supporte d b yDire c t
toPa yonEDC form E-6 (d ) sta tusofinve ntory (e ) listing ofPote ntia lPriority-Ra nking Cla im s (f) listing ofprior-ra nking Cla im s.
4.The re portsa nd inform a tionprovid e d he re w ith a re a c c ura te a nd c om ple te ina llre spe c tsa nd a lla m ountsc e rtifie d a spote ntia l
prior-ra nking c la im sa re c urre nta m ountsow ing a nd notina rre a rs.
Da te d thisd a yof:
Se pte m b e r30,2014
Pe r:
N a m e : Be nCohe n
C:\Users\mbyiers001\Desktop\AXE_Houghton_Margin_Report sept 30 2014_v
A) Ag e d listofAc c ountsRe c e iva b le ($CDN )
30Se p14
Future
030
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
ACW
OPP -OnPa ym e ntPla ns
$
$
$
$
$
$
$
-
$
(26,847)
(131,403)
2,075
128,915
3160
$
$
$
$
$
$
(27,259) $
6190
(41,865)
(30,843)
5,808
295,978
$
$
$
$
$
$
229,078
$
90 +
(100,877)
166,988
891
(107,579)
Tota l
$
$
$
$
$
$
178,503
62,849
(1,010)
(16,596)
$
$
$
$
$
$
8,915
67,591
7,764
300,718
(40,576) $
223,745
$
384,989
(i)
178,503
62,849
(16,596)
1,010
$225,765
(ii)
Ac c ountsRe c ie va b le w ith a nyportion >90 d a ys:
Distrib utor
W hole sa le
W hole sa le -ODS
ACW
Com m e rc ia l
Inte rna tiona l
OPP -OnPa ym e ntPla ns
c
Ac c ountsRe c ie va b le w ith a nyportion <90 d a ysis<10% ;orBa nk Ac c e ptsa sa Good Ac c ount:
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
OPP -OnPa ym e ntPla ns
na
na
na
na
na
na
$0
N e tTota lAc c ountsRe c e iva b le
$610,754
(i+ ii+ iii)
Sum m a ryofthe Anne xe d Re portsin re spe c tofthe Borrow e r:
B) Ag e d listofAc c ountsPa ya b le ($CDN )
Future
Cre d itCa rd
$
Tra d e Pa ya b le sCDN
$
Tra d e Pa ya b le sACW
$
-
$
$
$
0-30
381,442 $
17,060 $
(3,727) $
C) Ag e d ListofInsure d EDC Ac c ountsRe c e iva b le ($CDN )
Future
0-30
Tota lAR (Ab ove )
$
$
(27,259)
Le ss("N on-EDC $"):
OPP Ac c ounts
$
$
TVS Cha t
EDC $Lim itAd j:
Distrib utor
$
$
W hole sa le
W hosa le -ODS
$
$
Inte rna tiona l
$
$
$
$
(27,259)
$
31-60
61-90
$
(333,914) $
(10,463) $
31-60
229,078
90 +
$
(749,132) $
(2,458) $
$
61-90
(40,576) $
$
962,614 $
(1,320) $
90 +
223,745
$
Tota l
381,442
(103,373)
(23,427)
Tota l
384,989
$
-
$
-
$
-
$
$
$
-
$
-
$
-
$
$
$
$
$
(40,576) $
$
$
$
$
$
384,989
D) Sta tusofInve ntory
$
593,718
E) Listing ofPote ntia lPriorRa nking Cla im s
$
(75,000)
E) Listing ofSupplie rPa ya b le sha ving 30 d a yre posse ssion rig htsove rinve ntory
$
$
$
$
229,078
223,745
-
-
(iii)
Ac c ountsRe c ie va b le -a sa t:
June 30,2014
Tota l
%
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
Ac w
OPP -OnPa ym e ntPla ns
A1 -Colle c tions
AirCond itioning
ISC
Ore c k
2.3%
17.6%
0.0%
2.0%
0.0%
78.1%
0.0%
100.0%
$
$
$
$
$
$
$
$
Future Pm t
8,915
67,591
7,764
300,718
384,989
$
-
$
-
$
-
$
$
-
100.0%
030
$
$
$
$
$
$
3160
(26,847)
(131,403)
2,075
128,915
$
$
$
$
$
$
$
$
$
(27,259) $
0.0%
6190
(41,865)
(30,843)
5,808
295,978
229,078
-7.1%
$
$
$
$
$
$
$
$
91120
(100,877)
166,988
891
(107,579)
$
$
$
$
$
$
$
(40,576) $
59.5%
120 +
55,789
45,036
441
(8,041)
93,225
-10.5%
$
$
$
$
$
$
Future Pm t
122,714
17,813
(1,451)
(8,556)
$
$
130,520
24.2%
030
3160
6190
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
74.8%
0.0%
0.0%
0.0%
0.0%
11.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
91120
120 +
0.0% 1376.5%
66.6%
26.4%
0.0%
0.0%
5.7%
-18.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
33.9%
Ac c ountsRe c ie va b le -a sa t:
M a y31,2014
Tota l
%
Distrib utor
W hole sa le
W hole sa le -ODS
Com m e rc ia l
Inte rna tiona l
ACW
OPP -OnPa ym e ntPla ns
A1 -Colle c tions
AirCond itioning
ISC
Ore c k
8.6%
41.0%
0.0%
0.3%
0.0%
50.2%
Future
$
$
$
$
$
$
338,674
1,622,608
9,966
1,989,812
$
$
$
$
$
$
3,961,060
$
$
$
030
218,161
$
$
12,127 $
214,471
$
3160
218,146
926,913
$
$
(109) $
1,288,901
$
6190
62,993
458,260
91120
120 +
Future Pm t
$
$
3,564
24,221
$
$
28,629 $
(918) $
25,342
(4,029)
(762) $
1,999
$
872
$
(4,161)
311,067 $
183,753
$
6,611
$
(14,991)
030
3160
6190
91120
120 +
0.0%
13.4%
0.0%
121.7%
0.0%
0.0%
57.1%
0.0%
-1.1%
0.0%
18.6%
28.2%
0.0%
0.0%
0.0%
1.1%
1.5%
0.0%
0.0%
0.0%
8.5%
-0.1%
0.0%
8.7%
0.0%
7.5%
0.0%
0.0%
-41.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
100.0%
$
230,288
5.8%
$
2,433,851
$
831,558
$
213,537 $
35,194
61.4%
21.0%
5.4%
0.9%
$
2,161
0.1%
Average Days - AR - Current Month
60.3
Sales - TTM:
23,706
Ttl AR:
4,176
.
3,655
Average Days - AR - Prior Month
56.6
Sales - TTM:
23,487
Ttl AR:
3,655
.
3,627
Average Days - AR - 10
58.0
Sales:
22,414
Ttl AR:
4,214
.
2,910
Average Days - AR - 09
62.1
Sales:
15,754
Ttl AR:
2,910
.
2,447
(i) TTM = Trailing Twelve Months
C:\Users\mbyiers001\Desktop\AXE_Houghton_Margin_Report sept 30 2014_v
DISTRIBUTO R -ACCO UNTS RECEIVABLE
Line N o. BP N um b e r
Se pte m b e r30,2014
Custom e r
Tota l
Future Pm t
030
3160
6190
91120
120+
EDC -Exc lud e d Ac c ounts:
EDC Approva lVa lid a tion:
309054 Costco Wholesale
197167 Best Green Technologies (Matt Sullivan)
140387 Northern Response Retail CDN
$
$
1
16
18
22
28
40
46
51
54
56
591
610
628
634
637
101999
108374
112263
172141
173770
176518
178057
182355
304714
309054
313432
322413
328737
337587
338940
Canadian Barter
McNally, Elizabet
The Bay
Brand Developers Ltd.
Shark Technology SRL
Linstead, Robert
Portable Comfort Store Golub Mark
Edmar Corporation US
Marshall Fabric
Costco - Wholesale
Opielka, Martin Germany
Mark Golub - Amazon.com
Century Writeups & Consultancy Ltd
KIO TREND Customer
Costco.com US
Ba la nc e $
Approve d $
(8,032) $ 2,000,000
$
50,000
$
200,000
8,915 $
5743.79
-3729
-34.68
31.01
33965.41
425.25
-86325.62
220.5
-8031.86
24956.91
2160.77
63630.26
-24097.75
-
$
$
$
$
$
Exc e ss$
(26,847) $
(41,865) $
(100,877) $
-3729
425.25
55,789 $
5743.79
-9515.2
-76810.42
-17278.15
-26536.55
-22130.48
57377.7
-3538.24
-3484.48
247.32
-1220.4
500.6
-2726.4
-2328.33
-962.98
-7832.86
122,714 ContryofO rig in
CANADA
CANADA
-34.68 CANADA
31.01 NEWZELAND
33965.41 ROMANIA
CANADA
CANADA
CANADA
220.5 CANADA
535.62 CANADA
24956.91 GERMANY
1412.85 CANADA
71873.38 USA
USA
-10247.18 USA
W H O LESALE-ACCO UN TS RECEIVABLE
CUN TRY OFORIGIN
Line N o. BP N um b e r
Custom e r
Tota l
EDC -Exc lud e d Ac c ounts:
132806
TVACha ts
#REF!
EDC Approva lVa lid a tion:
150635 Ace Hardware Corporation USA
301274 Ali & Sons Hardware True Value
130177 Windsor Plywood (Brandon)
168072 CTC - Canadian Tire
130945 Chadwick's and hack's
183308 Chediac Furniture & Appl.
199302 COSTCO WHOLESALE CANADA LTD
309054 Costco Wholesale
179121 Energy Wise Solutions
138014 Federated Co-op Ltd.
105704 Home Hardware
309267 Mister Sew Vac
160202 North American Lumber
301281 North Wellington Coop Services Inc..
140387 Northern Response Retail CDN
189205 Pleasant Supplies LTD. Tim-Br Mart
164198 Klimfax
140071 The Shopping Channel
183112 Sears Canada Inc.
197105 Sechelt Fire Place Ltd.
117162 Tip Top Parts - Surrey
191694 Slegg Construction Materials Ltd.
189204 King Street Tim-BR Mart
197256 CEFCO - A Division of Torbram Supply
112774 Vacuum Rebuilders Of Calgary
117186 Vacuum Specialists
303555 Windsor Building Supplies Ltd
301264 Country Depot Alexandria
301712 Country Depot Mitchell
189136 Kent Building Supplies
112652 7594828 Canada Inc. (TruServ Canada)
AXEBa la nc e $
-
#REF!
-
67,591.28
1
6
16
19
22
25
28
31
34
37
40
43
53
60
99
104
100118
100293
100954
101105
101310
101320
101558
101688
101829
102472
102560
104329
104895
105452
106397
106986
A & J Supplies & Service
Alberta Vacuum Expert NW
Bedroom Vacuum Shop
Bert's Vacuum
Bob's Vac Shop
Bobby, Jim
Brantford Vacuum
Brown Shoe Co. Ltd.
Burnaby Sew N Vac
Clean More Service
Cole's Appliances Ltd. (001)
Four Seasons Sunrooms - Utica
Gopher Wood Inc.
Henry Vacuums
K-W Sewing machines
Labar Sales & Distribution
Future Pm t
#REF!
Approve d $
500,000.00
20,000.00
50,000.00
1,000,000.00
20,000.00
40,000.00
1,000,000.00
650,000.00
150,000.00
500,000.00
500,000.00
15,000.00
160,202.00
20,000.00
200,000.00
30,000.00
75,000.00
1,000,000.00
200,000.00
20,000.00
100,000.00
60,000.00
50,000.00
50,000.00
30,000.00
30,000.00
150,000.00
20,000.00
20,000.00
350,000.00
250,000.00
-
030
3160
#REF!
#REF!
6190
#REF!
91120
120+
#REF!
Exc e ss$
-
-
(131,402.54)
(30,843.00)
166,988.08
45,035.93
17,812.81 CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
Line N o. BP N um b e r
Custom e r
108
108515 Mick's Vacuum
125
110422 Roadside Antiques Grocery Store
136
112060 Elite Vac & services
154
113209 WCI Realty
157
113243 Schwartz, Enid
160
113807 Your Vacuum Superstore
164
113916 A Plus Vacuum Doctor
170
114036 Barron's Furniture
174
114121 Birtley Furnaces
177
114350 Charles Garcia Construction
181
114845 Golden Gate Enterprises
190
114846 Donald Caffero
193
116209 Shakopee Vacuum U.S.
201
116515 Vacuum Cleaner Outlet
206
116604 Weber Supply w
209
117000 Vacuum Unlimited
216
119985 Greffard's Saw Shop
219
122092 Bullseye Media U.S.
224
124482 Hoke-e-Geez,
U.S.A.
227
125456 B & B Sale LLC
233
126843 Peters Appl. Sales & Svc
236
127709 Tilley, Neville
245
128176 QC Supply
248
130177 Windsor Plywood (Brandon)
255
130946 Win-Leader Corp.
260
131981 AB Vacuum Center
266
135533 Blitz Appliance Service & Sales
288
139137 Ray's fireplaces
302
140950 Supplement Nutrition Plus
306
142845 Chernetz George
310
143178 Enviro Brite Industries collections
315
143331 JEB Supply Co. U.S.
425
153297 Going Fishing
510
163608 Mega Group USA (Best Brand Plus)
515
164941 Organic Source
518
165369 Cole, Bill & Lynette
526
167479 GR Enterprises
530
170275 Gilbert, Stephen
533
170795 Hatton, Tom
541
171498 Sexton Group Ltd.
545
173766 Superior wood product
553
175347 Floral Decor
558
176053 The Fire starter
729
184311 B.H. Allen Building Centre Rona
732
186175 Dewdney Enterprises Ltd.
738
187717 Pettis Pools & Patio
743
189049 Fireside True Value
757
189205 Pleasant Supplies LTD. Tim-Br Mart
760
190532 Birch Auto Farm Supply
769
191726 Val Est Ace Hardware
774
196730 Samy Profeta
777
197094 J & B of 14th Street
783
197105 Sechelt Fire Place Ltd.
789
197968 Windsor Plywood Williams Lake
794
199949 Beachcomber Home Leisure
797
301283 Windsor Plywood AIRDRIE
808
301712 Country Depot Mitchell
814
311122 Brazeau, Serge
817
311174 Evans, Thomas
820
311212 Graham, Pat
823
311220 Dionne, Lynn
Tota l
Future Pm t
030
3160
6190
91120
120+
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
Line N o. BP N um b e r
Custom e r
826
312018 Sutherland, John (Rosseau, ON)
829
312051 Scime, Joe
832
312111 Lavoie, Odette
835
312171 K Promotions
838
312389 Larson, Leanna
841
312627 Kirk, Maureen
844
312714 Aspirateur Cote Vertu
847
312715 Jeffries, Chris
850
312794 Reid, Nancy
853
312963 Sarasin, Francoise
856
313626 Reid, Gloria (ON)
859
313861 MacDonald, Gregory
862
313886 Vine, Stuart
865
314054 Provost, Helene
868
314100 De Lamirande, Helene
873
314123 Spring, Trudi
876
314125 Smiley’s
879
314324 Simard, Lisa
882
314371 Allard, Giselle
885
314580 Marshall, Jodi
888
314582 Kings Vacuum
895
314751 Rebiffe, Armand
899
314804 Wilson, Doug (Minnedosa, MB)
902
315092 Riediger, Catherine
905
315203 Johnson, Bruce (Lyndhurst, ON)
908
315227 North, Nancy
911
315246 Tellier, Jean
914
315281 Robinson-Pratt, Gale
918
315294 Forbes Brothers
921
315382 McLaren, Charles
924
315417 Grace, Andrea MacKay
927
315419 Steele, Jim
930
315426 Allard, Shawn
933
315492 Hunter-Gray Financial
936
315596 Evans, Dave (Victoria, BC)
939
315806 Hogue, Bob
942
315877 Doolridge, Betty
946
318453 AVI ELectronique
950
318520 Guys Vac Shop
959
323387 Giroux, Gabriel
992
334170 On The Spot Carpet Cleaning
995
335844 Redcliff Home Hardware
1217
339955 Elektrik 2000
1220
340842 Terminix
66
105704 Home Hardware
586
183112 Sears Canada Inc.
1000
337337 CTC - Canadian Tire
318
146779 Chalifour Canada
269
138014 Federated Co-operatives Limited
505
163024 McMunn & Yates Building
331
147282 Castle Building Centres
725
183308 Chediac Furniture & Appl.
573
183110 Walmart Canada Corp.
566
178451 Parts Centre LTD.
222
122390 America's Hometown Brand Center
13
100595 Aspirateurs 2000 Plus
569
180329 Quality Stoves & Fireplaces Ltd.
501
160202 North American Lumber
987
333984 Hometown Hardware
113
108548 Miller's Vac Shop Inc.
1223
341067 Mongoose Merchants LLC
Tota l
-49856.71
-36207.44
-29796.94
-22044.65
-9038.09
-4573.8
-1633.35
-1247.75
-913.57
-683.65
-432.6
-409.5
-357
-327.68
-215.25
-203.4
-178.74
Future Pm t
030
3160
-34255.08
7936.14
6190
91120
-7556.64
2713.86
-36045.27
-441
262.67
6248.33
-15771
17388
-898.21
45.51
-4433.6
-6211.8
-3170.39
-40908.31
-11648.15
-199.68
-1767.15
-1633.35
-1247.75
-412.3
-10396.5
-10455.41
-2806.65
-432.6
-682.5
-215.25
1073.5
52.15
-216.93
408.45
-13.96
120+
351.43
-683.65
-409.5
-357
-718.68
-408.45
-203.4
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
Line N o. BP N um b e r
Custom e r
122
110219 Refrigeration RM
985
333598 Northgate Vacuum
571
182102 La Coop Federee
214
117913 Premier Appliance
764
191694 Slegg Construction Materials Ltd.
102
106977 La Maison de L'Aspirateur
132
111724 St. Paul Electric
786
197256 CEFCO - A Division of Torbram Supply
130
110781 S & R Heating
983
330820 Shop Chimney
812
311098 Monsieur Balayeuse Quebec
508
163222 Staples Business Depot Head Office
63
105577 Hinton Vacuum
115
109138 Norm's Vacuum
561
176611 Towne Ford sales
118
109352 Ontario Vacuum
251
130671 Mrs. Vacuum
998
336523 Brookstone Inc 2
536
171181 Aspirateurs Lasalle
11
100325 All Vacuum Store
772
193507 St. Arnault Lumber Ltd
147
112772 Vacuum Master
46
104374 Fraser Highway Vacuums
333
147526 TIMBRMART
523
166292 Rewards Department Store
963
324825 Happy Camper RV Alberta ltd
736
186705 Coop Atlantic
550
174558 Currie's Hardware
139
112652 Truserv
1182
339728 BestBuy.ca
967
325624 Samtack
253
130945 Chadwick's & Hack's
749
189136 Kent Building Supplies
429
154030 Home Depot Canada
1006
337701 Groupon Canada
297
140071 The Shopping Channel
Tota l
-150.15
-138.51
-131.25
-110.41
-79.55
-57.75
-28.25
-13.63
-4.5
82.2
88.2
94.5
103.95
128.82
138.99
144.64
327.7
439.26
472.5
511.07
582.75
679.35
683.4
764.57
1029.25
1512
1688.22
2067.9
3810.07
4379.83
5723.41
8527.29
8549.86
9917.05
18118.9
155859.72
Future Pm t
030
139.65
3160
6190
91120
120+
-131.25
-110.41
-57.75
88.2
94.5
16.95
82.2
-208.95
552.57
-423.75
144.64
-103.95
511.07
582.75
-307.65
345.78
-249.11
327.7
576.45
107.1
1864.5
656.25
230.52
1890
1898.4
1247.4
598.02
1688.22
169.5
3856.81
647.46
1512
-1130.29
3134.35
8527.29
-121333.47
6485.15
-1057.54
3079.05
16273.4
-190.59
130182.78
352.85
2903.04
330.75
-69
-163.85
-180.8
72353.14
-289.8 CAN ADA
-138.51 CAN ADA
CAN ADA
CAN ADA
-79.55 CAN ADA
CAN ADA
-45.2 CAN ADA
-13.63 CAN ADA
-4.5 CAN ADA
CAN ADA
CAN ADA
CAN ADA
312.9 CAN ADA
CAN ADA
138.99 CAN ADA
CAN ADA
CAN ADA
439.26 CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
-2671.82 CAN ADA
1029.25 CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
CAN ADA
5904.21 CAN ADA
CAN ADA
-299.45 CAN ADA
CAN ADA
CAN ADA
83697.17 CAN ADA
W H O LESALE-O DS -ACCO UNTS RECEIVABLE
Line N o. BP N um b e r
Custom e r
Tota l
EDC Approva lVa lid a tion:
117154 McNally, Terry
185337 Brands Direct
303557 Brands Direct-RC
$
Se pte m b e r30,2014
Future Pm t
Ba la nc e $
-
$
-
$
Approve d $
50,000
$
50,000
$
-
030
3160
$
Exc e ss$
-
$
$
-
$
-
$
6190
-
$
91120
-
$
120+
-
$
-
Com m e rc ia lAc c ountsRe c e iva b le
Line N o.
1
4
9
12
17
20
23
26
29
32
35
38
41
44
47
49
52
55
58
64
67
70
73
76
79
82
85
88
91
94
97
100
103
106
109
112
115
120
123
126
131
134
137
141
147
150
153
157
162
167
170
174
181
184
187
BP N um b e r
30Se p14
Custom e r
100116
100220
100524
100691
100859
101781
101885
101908
101932
102194
102306
102325
102368
102419
103752
103831
104656
104872
104902
104950
104976
105034
105519
105601
105966
106070
106475
106489
106648
106947
106969
106974
107047
107355
107837
108011
108116
108173
108775
108927
109097
109475
110302
110402
110605
110670
110684
110767
111134
111238
112944
113671
113755
114528
115178
Tota l
$
A & A Building Cleaning & Contracting Ltd
Adventure Inn
Arctic Co-operatives Ltd
Bailey's Restaurant
Basic Tool Rental
Budget Inn Patricia Hotel
Byers Funeral Home
Cactus Tree Inn
Little Skolar Kollege
Lubavitch, Chabad
Fraser, Cheryl
Chief Cornerstone Church
Christian Life Assembly
City of Winnipeg
Eagle Nest Resort
Broder Co.
Georgian Bay Development
Gonzales, Rita
on holds
Lawrence, Michelle
Lombard Glen Golf & Country Club
Greentree Properties
Hicks Funeral Home
Hobbs Home Service
Imanuel Pentecostal Church
Jackson, Mary Ann
Katz, Sam
Kazina Enterprises
Kildonan House
Kurkilahti, David
Kyle Hotel
Lac La Biche Inn
Lakeview Gospel Centre
Les Aspirateur Du Nord
Maid in Manitoba
Marler, Roy
Econo Lodge Notre Dame
Maxwell Colony
Morrin Industrial Repair Ltd.
Nairn Vacuum & Appliance
Nisbett Funeral Home
Pantry and Privy
Moonlight Inn & Suites
River East School Division No.9
Rosebank Colony
Round-Tuit Cleaning
Roxy Lanes
Ryan & Odette Funeral Home
Casa School
Shelton, Ian
Viking Inn
Woods, Bill
Yellowhead Arena
Days Inn & Suites-Niagara Falls
Big Sand Lake Lodge
-
$
7,764
Future Pm t
$
-
030
$
958.55
2,075
341.25
3160
$
5,808
6190
$
91120
891
$
441
-87.03
-87.03
1.3
-0.02
-0.02
-0.01
-0.02
AXE_Houghton_Margin_Report sept 30 2014_v
(1,451)
-240.23
39.5
245.21
$
617.3
-240.23
3452.55
120+
-73.05
3525.6
245.21
-39.5
1.3
0.01
% >90 Days
Line N o.
190
193
197
203
205
211
214
218
222
224
228
232
236
240
245
248
257
260
262
271
274
278
283
288
294
297
301
306
310
315
320
324
329
333
335
339
343
347
351
353
357
361
365
369
373
377
379
383
387
391
405
409
413
417
419
428
432
436
BP N um b e r
115760
116466
116934
116991
117188
117283
117865
117886
118031
118266
119065
119814
120838
121065
122536
124881
126760
127016
127055
127199
128177
130447
130598
131055
131090
131794
132107
132156
132190
132194
132436
132606
132927
132999
133439
133470
133881
134422
135327
135949
136189
136263
136478
136610
136622
136674
136822
136907
136983
136996
137105
137111
137193
137242
137340
137814
137838
139219
Custom e r
New Dimensions of Christ Church
Travelodge - Quesnel, BC
Humpty's Restaurants
Magnus Poirier Funeral Home Inc.-St Leonard
Valhalla Inn Thunder Bay
Super 8 Abbotsford
Super 8 Motel - Scarborough
Stampeder Motel
Mills, Cheryl
Normaway Inn
Days Inn - Wallaceburg, ON
Best Western Plus Orangeville
Campbells Plumbing & Heating
Best Western Royal Oak Inn
Fusion Grill
Dika Industries Ltd.
Smith, Darrell
All City Vacuum
Church of Jesus Christ
Winnipeg Football Club
Happy Cat Sanctuary
Dechtel TMP Project Office (Bruno Plaza)
Ukrainian Cultural Center
My Service and Support
Leroys Motor Inn
Best Western Fireside Inn
Bridal Boutique
Dream Clean Services
Salt N Lace
Affordable Bridals Inc.
Nisku Place Motel Ltd.
Fairmont Hotsprings Resort Ltd.
Blackfoot Inn
Best Western Mermaid Group
Albion Manor Bed & Breakfast
Reflections on the lake(Retreat)
Jasper Place Hotel
Best Western Crusader Inn
Canadian Mountain Holidays Inc.
Village Court Pharmacy
Smith Camps
Georgian Bay Fishing Camp/ C/O Wright's Marina
Ark of Avalon B & B
Jewel Clean INC
Keneally Manor
Deer Park Golf Course
Clean Family Clean Inc
You've Got Maid Cleaning Co
Sea Kindly Bed & Breakfast
AJP Building Maintenance
Kawartha Ccleaning Service
Belgravia Bed & Breakfast
Gingerbread House Inn
Superb Heli Arc Welding
Maynard Lake Lodge*
Sunshine Janitorial & Supplies
Nisku Janitorial Contracting Ltd.
Interlake Colony
Tota l
Future Pm t
030
-108.26
-57.46
3160
6190
91120
-108.26
-260.86
203.4
-359.34
-359.34
-152.39
315.04
-467.43
-36.75
-36.75
33.9
-57.44
-57.44
126.42
126.42
108.68
108.68
-230.52
0.3
-230.52
0.3
AXE_Houghton_Margin_Report sept 30 2014_v
120+
-33.9
% >90 Days
Line N o.
445
448
452
456
459
463
467
470
472
476
481
484
486
496
501
504
508
511
519
535
540
556
559
562
565
570
573
576
579
582
585
587
590
595
598
601
605
610
613
615
618
621
624
626
630
633
641
645
649
652
662
666
668
671
675
678
681
684
BP N um b e r
140053
140326
140370
140619
140728
140868
141324
141455
142665
142937
143033
143462
144758
151913
152897
153477
153899
154631
155462
158210
158804
159447
160914
161064
161800
162224
162833
162839
163298
163541
163895
164551
164597
164951
165547
165612
165932
165952
167596
167897
168243
169371
169880
170137
170277
171224
172029
173245
175865
175906
177173
177280
179620
180376
180670
180680
181449
181494
Custom e r
Arno, John
J. Scott Early Funeral Home
Dust Bunnies Away
Dermody PX Funeral Homes Ltd.
Webers Appartments
All Pro Cleaning Inc.
Deluxe Bowl
Canad Inns Polo Park
Vineland Missionary Church
Bunzl Canada Kingston
Falkingham, Jim
Mondial 2000 Inc.
Oak Bank Elementary
Care Allot For Tots
Sagh, Anton
Woodsy, Enterprises
Chipman Hill Suites
Auto Tech Inc.(Vera Pribyl)
Wagner Real Estate Holdings
Gerrie Electric
90131079 Quebec Inc.
Super 8 - The Pas
Gould, Donald
Suno, Sulayman
YMCA Orillia
Mar-Schell's Music
Thibodeau, Marianne
Roseman Corporation
Castle, Dianne
McDougall & Brown Funeral Homes Toronto
Olienick, Penny
Niverville Heritage Centre
Moms And Children Paradise
Brock Built-In Specialists
Gold Eagle Lodge
The Haven Resort
Otis Health Care Centre
Atlas Graham Industries Co.
Kehler, Allan
Canada Wide Vehicle Finance
Knox Day Care
Marlow, Donna
Super 8 Motel
Laser Quest
De Rosa, Jean
The Downtown Hotel
Fineberg, Ron DDS
Mennonite Bretherin Ministry Center
Arcane Horizon
Racket Shack
Teen Stop Jeunesse
Erstelle, Ryan
De Zine (Lloyd Segal)
Quality Pool & Spas
Grant Sign Imaging ( Will Thompson)
Dave Mantle CGA ( Dave Mantle)
Royackers Kennels Inc
Martyn Funeral Home
Tota l
Future Pm t
-31.58
-0.09
030
3160
-31.58
6190
% >90 Days
120+
-0.09
-309.54
-309.54
203.57
150.57
-138.44
617.04
91120
53
-138.44
1213.62
-306.51
-596.58
306.51
-744.67
-744.67
-468.9
-468.9
246.02
-62.15
AXE_Houghton_Margin_Report sept 30 2014_v
246.02
83.51
-83.51
67.74
-67.74
-62.15
Line N o.
687
691
694
699
703
706
712
721
723
728
731
736
738
744
747
750
754
760
762
764
766
769
772
777
782
785
788
791
794
798
801
804
807
810
813
820
823
826
829
831
833
836
841
844
847
850
853
855
859
861
865
868
871
874
878
882
884
887
BP N um b e r
181604
181968
182630
185040
185420
185511
185550
185608
185612
185622
185627
185628
185963
186037
186136
186190
186192
186364
186403
186477
186480
186484
186489
186491
186592
186627
186703
186749
186762
186774
186779
186785
186795
186797
186908
186911
187044
187423
187438
187528
187841
188842
189258
189865
189943
191266
192544
193188
194655
195055
195644
195753
196278
196591
198006
198904
199116
199752
Custom e r
St. Alphonsus Church( Kathy Klassen)
Pleasant Valley Golf & Country Club
Merry Maids of Ottawa
Taneda, Phil
Clarion Hotel/Winnipeg
Hotte, Pierre
Tanshaw Sanitation Inc.
Westmark Whitehorse
Ed Cooney Services
Maid Pro Airdrie
Balmoral Hotel
1136 Main Street
Curtis Gordon Motor Hotel
Parkland Evangelical Church
Motel 400
Beaufort-Delta Divisional Edu. Council
Barnay's
Sun and Moon Cleaning
A Miracle Sanitation Supply
BMS Sanitation & Safety
DKJ Mechanical
Brown, Chris
Carter Food Ltd.
Centennial Park Golf Centre
Planet Clean Duncan
Marias Beauty Salon
Westway Inn Motel
Yelle-Adams, Judy
Service Master
Green Earth Carpet Cleaning
School District 67
Best Value Inn
Timber Lanes
Tropicana Suites Hotel
Aspirateurs116
Vardy's Ambulance and Funeral Home
The Pas Alliance Church
Glad Tidings Church
Grass River Lodge
Best Western Charter House Hotel
Vitalines Cleaning
Evoy & Associates
Buffalo Point First Nations
Morden Home Hardware
Peek A Boo Daycare
EOS Financial Group Inc
Limestone District School Division
Capitol Banquet Centre
YMCA Barrie
Phillip, David Dr.
AGT Services
Salt Spring Inn
The Bridge Church
Centro Motel
Clean As a Rose
Travelodge Suites Moncton
Play It Again Sports
Duchess Hall
Tota l
Future Pm t
030
70.58
70.58
-406.46
90.14
90.14
312.9
-34.49
39.15
-30.34
0.6
-31.68
0.2
-52.5
50.85
-159.16
179.68
202.27
3160
91120
-167.28
114.02
224.82
0.6
-150.64
-239.18
50.85
-159.16
179.68
202.27
596.58
-0.1
-337.92
449.74
449.74
337.82
39.15
120.3
-31.68
0.2
596.58
AXE_Houghton_Margin_Report sept 30 2014_v
120+
347.39
-224.82
-114.02
6190
-52.5
% >90 Days
Line N o.
891
894
897
900
904
908
912
915
919
921
923
926
929
932
935
938
945
948
951
954
957
960
965
968
971
975
978
981
984
987
990
993
998
1001
1004
1007
1010
1015
1018
1023
1026
1032
1035
1038
1041
1044
1047
1050
1053
1056
1059
1062
1065
1068
1071
1074
1077
1080
BP N um b e r
199885
300498
300740
301155
301772
302017
302597
306230
308145
308150
308427
308760
311082
311138
311184
311201
311218
311995
312023
312105
312134
312228
312274
312285
312286
312294
312306
312383
312402
312497
312602
312635
312931
312985
313035
313114
313168
313174
313246
313506
313588
313691
313800
313859
313996
314089
314102
314420
314559
314629
314894
315201
315423
315625
315631
315637
315662
315666
Custom e r
Burnet Restaurant & Lounge
Devonshire House
Koster Denture Clinic
King, Gary Grand Bend
Tipper, Garry
KBI Realestate
Bien, Dorothy
Speer, Jane
Village at Smith Creek Baptist Housing
Baptist Housing Ministries
D-7 Property Management
Caputo, Jerry
CRS Commercial Carpet Maintenance
Stayner Veteranarian Services
New Avenue Hotel
Cantrill, Georgina
Access Credit Union
Players Sports Bar
Graham, David
Tatogga Lake Resort
Maid Pro Leduc
Dr Generosity
Abrams, Chris
Kay-Vee Lodge
Roberts, Dawn
Jani King
Town of Gillam
Timms, David
Christian Victory Church
Gendron, Louise
Stewart, Rhonda
Tim Hortons Vancouver
Dionne, Stephanie
D-7 Properties Roslyn
Maid Pro Greenwood
Hawkes, Beth
The Granite Guys
Nickerson, Jacqueline
Capstick, Beverly
Acadian Construction
Whistler Blackcomb
Islamic Society of Cumberland
Bernier, Yvonne
Martyn, Gerry
Visser, Tiffany
Southeast Nunavut Co Ltd
Ardent Group
PCC #240
Jurasits, Margaret
Hartle, Doug
Uni Village Day Care
Goudeon Insurance Brokers
Newman, Beth
Bradshaw. James
Johannesson, Konrad
Proudman, Colin
Cox, Marilyn
Heaver, Mary
Tota l
Future Pm t
164.17
-312.8
030
3160
6190
91120
164.17
-312.8
-27.45
0.01
0.05
AXE_Houghton_Margin_Report sept 30 2014_v
120+
-27.45
56.44
-56.43
0.05
% >90 Days
Line N o.
1085
1088
1091
1094
1098
1102
1104
1106
1109
1111
1113
1116
1119
1123
1125
1129
1132
1135
1139
1142
1146
1149
1151
1153
1156
1158
1161
1164
1167
1172
1174
1177
1180
1183
1186
1189
1192
1195
1198
1203
1206
1209
1212
1215
1218
1221
1224
1227
1230
1233
1236
1239
1242
1245
1248
1253
1256
1259
BP N um b e r
315730
315843
317412
318666
319053
319435
319637
320051
320086
321163
321348
321504
321627
321656
321995
322129
322662
322710
322823
323018
323088
324431
325520
326052
328185
328670
329826
330675
330995
331150
332030
332046
332067
332284
332858
333022
333326
333437
333467
333605
333693
333757
333758
333933
334268
334323
334497
334842
334848
335056
335265
335314
335323
335351
335355
335431
335492
335539
Custom e r
Sodexo Services BC
Couillard, Gilles
Dynamic Equipment Rentals
Harris Meats
Corbek Services
Maple Ridge Seniors Village
Petros Hair Design
City of Wpg Centennial Pool
Roscoe Postle Association
Alexander Mackenzie Hotel
Morfit Training
Melnick Motors
Holiday Inn Wpg Airport
Dauphin Express Inn
Penner, Greg
Corydon Hardware
Fox Valley Farms
Adrian, Janna
michaels*
Mighty, Ian
Janzens Paint & Decorating
Trautwein, Sig
Best Western Plus Wpg West
Hudson's Bay Railway
Days Inn Berry & Sargent
Thompson Plaza
Malloway & Eliason Insurance
Jysk Leila
I.T.B. Mfg Co.
ActivTek Canada
Akman Construction
Sklar Agencies
The Historic Skagway Inn
Moore, Debra Jean
DeYoung, Keith
Centro Caboto Centre
DMW Floors
Vernon Physiotherapy #102
255 Wellington
Brennan, Allan
Mrowka, Gregg
Bloomfield, Evan
Bethany Pentecostal Chapel
Rita, Burton
Trane Canada
Birch, Elisabeth
Winnipeg Condo Corp #89
Needham, DW
Yellow Point Drywall
Craplewe, Dennis
Smith, J
Celestial Church of Christ
Consumer Care Wilma
Ackley, Debbie
Student Housing & Residence Life
Associated Maintenance Serv Ltd
Performance Healthware Ltd
Pincombe, Alan
Tota l
Future Pm t
41.95
146.79
563.87
192.78
1174.92
-39.15
030
88.71
6190
91120
41.95
563.87
229.67
945.25
-39.15
837.9
-0.04
-111.87
-55.94
88.71
-94.92
297.8
107.35
0.02
AXE_Houghton_Margin_Report sept 30 2014_v
120+
146.79
192.78
837.9
-0.04
-111.87
-55.94
3160
-94.92
297.8
107.35
-66.65
66.67
% >90 Days
Line N o.
1262
1265
1268
1271
1276
1279
1283
1286
1291
1294
1297
1302
1305
1308
1310
1313
1317
1320
1323
1326
1329
1331
1334
1337
1339
1342
1349
1352
1355
1358
1361
BP N um b e r
335563
335566
335717
336050
336316
336519
336521
336618
336677
337230
337262
337370
337521
337691
337776
337875
338785
338991
339110
339213
339268
339502
339523
339580
339892
339986
339988
340004
340322
340513
341441
Custom e r
Nye, Murray
Midway, Ron
Bagot, Sam
Pyett, Ross
Cedar Lodge Dundurn
My Gym
Ye Olde Card Shoppe
Super Thrifty Drugs
Micu, Florin
Swish Vancouver
Gumbusters
Morden Golf Course
McMurray Law Office
Southeast Missouri State University
Custom Computer Centre
Zaveco Ltd
Pirness, Eldon
Smith, Dianne
Klymkiw, Larissa
Adventure Quest Outfitters
Jou, Michael
ST.CLAIR RESIDENTS
Wesclean Lethbridge
Golf Town Kitchener
Sawatzky, George
Melnychuk Farms
Waterman, Hazel
Hoenow, Gord
Eganville & District Senior Center
Szwaba Rocio
Home Town Co-op Broadview
Tota l
Future Pm t
030
3160
6190
91120
120+
-0.01
-0.01
338.28
338.28
202.27
202.27
62.09
62.09
83.51
AXE_Houghton_Margin_Report sept 30 2014_v
-83.51
% >90 Days
IN TERN ATIO N ALACCO UN TS RECEIVABLES
Line N o.
BP N um b e r
############
Custom e r
Tota l
EDC Approva lVa lid a tion:
Ba la nc e $
$
-
Future Pm t
030
3160
6190
91120
120+
Approve d $ Exc e ss$
$ 200,000 $
$
-
$
-
$
-
$
-
$
-
$
-
$
-
ACW
Line N o.
BP N um b e r
58
248
339
344
770
357
657
61
260
229
106
253
714
765
773
342
729
778
740
736
337
74
802
335
797
251
804
707
281
699
328
709
701
767
704
354
780
711
720
751
788
733
723
799
791
785
794
748
726
775
745
716
255
783
305
124
258
761
76
718
307
241
233
203
276
89
53
310
262
213
4
1
126
333
754
310510
320352
332417
334688
341428
338940
339859
312572
320579
320339
312592
320404
340844
341328
341653
333599
341007
341756
341132
341131
332294
312575
342036
332126
341996
320403
342038
340665
321134
340015
322834
340745
340074
341394
340664
338819
341788
340820
340952
341159
341925
341008
340997
341997
341985
341889
341986
341158
340998
341728
341141
340895
320572
341812
321301
312597
320573
341211
312577
340942
321709
320351
320342
313875
320702
312590
154471
322413
320584
320327
136221
131987
312601
331906
341200
Custom e r
Oreck (Wichita Falls)
BW Inc
Source Network Sales & Marketing (Customer)
Bargain Buyouts
Henning, Steve
Costco.com US
Brookstone ACW
Air & Water
SEARS
Axe Houghton Group (ACW)
Qualitymatters.com
Specialty Home Solutions (Des Moines, IA)
Warren, Dorsete Jordan
Dick, Genna
Heddlesten, John
Farr Tech Heat
VanOostrum, Elizabeth
Yaber, Juan
Kuo, David
Woodward, Sam
Steinway, Danny M.
ATG Stores
Johnson, Chap
Mathews, Thomas
Gregg, R.
Ripley's Vacuum Center
Mckie, Jeffrey
Gamble, Dale
Oreck Clean Home Center (Vestal)
Martin Country Store
Baron, John
Piccirillo, Thomas
Long Lewis Hardware
Figlio, Margaret
Jones, Deborah
Estill, Ryan
Sass, Perry
Blackie, William
Rayne, Martina
Eisele, Gerard
Sukiennik, Tommy
Lampiase, Vincent
Zafar, Hasam
Swaffar, Baxter
Laughlin, George
McMenomy, Genevieve
Caldwell, Lisa
Dewberry, Lawrence
Brucker, Gerard
Vac & Sew Shop
Lowes, Sherry
Mupfumira, Susan
IVG Stores
Seth, Bird
Spectacular Products LLC
Smarthome
Living Direct
Ursich, Ines
Bluestem Brands Inc
Merrill, Saundra J
AJ Madison
Brookstone
BJ's Wholesale
House Of Vacuums (Highpoint)
OPJ, LLC
Overstock.com
Ace Hardware Corp
Mark Golub - Amazon.com
Wayfair
Amazon.com
Northern Tool + Equipment
ABC Vacuum Warehouse
Homedepot.com
Heartland America
Staples Inc.
Tota l
Future Pm t
300,718.24
-
(24,097.75)
(4,397.12)
(4,361.22)
(2,346.31)
(1,070.57)
(570.80)
(530.70)
(488.69)
(437.74)
(436.11)
(434.97)
(424.09)
(251.28)
(249.91)
(249.41)
(206.56)
(202.89)
(188.49)
(182.41)
(176.62)
(147.44)
(110.41)
(26.79)
(25.41)
(21.75)
(19.86)
(17.14)
(7.49)
(0.56)
(0.16)
(0.02)
0.01
0.07
0.44
0.48
0.52
0.59
0.63
0.65
1.16
1.70
1.93
1.99
3.82
3.85
4.13
6.00
16.88
44.20
114.68
177.48
184.65
219.79
269.13
372.63
402.03
638.51
1,117.71
1,205.84
1,360.43
1,725.02
1,994.72
2,160.77
3,416.13
6,630.25
7,505.85
9,527.48
14,797.28
48,681.64
239,807.84
030
128,914.95
(2,726.40)
1,134.94
519.18
133,000.83
(436.11)
(434.97)
451.21
(251.28)
(253.48)
(252.98)
3160
295,978.24
(2,328.33)
(1,014.84)
(2,609.27)
(2,346.31)
6190
(107,578.55)
91120
(8,040.82)
(962.98)
(4,517.22)
80.60
(7,832.86)
(488.69)
3.57
3.57
(202.89)
(147.44)
(110.41)
(26.79)
12.73
(17.14)
(0.56)
(0.02)
0.01
16.42
0.48
6.00
184.65
687.19
2,419.61
141.97
576.05
541.66
3,097.71
(10,657.99)
6,200.28
877.69
0.07
(15.98)
4.13
724.33
114.68
260.06
1,623.02
321.52
(0.16)
1.99
3.82
3.85
(217.10)
(2,150.48)
(38.14)
(21.75)
(19.86)
0.59
0.63
0.65
1.16
1.70
1.93
(707.45)
44.20
(206.56)
(182.41)
(176.62)
0.52
(570.80)
(530.70)
(875.30)
(188.49)
(329.01)
(10,247.18)
(2,351.73)
(134,071.40)
(437.74)
120+
(8,555.58) Country of origin
1,360.43
(546.01)
116.62
878.74
998.43
9,304.94
48,681.64
239,807.84
177.48
(250.30)
372.63
638.51
1,205.84
648.01
247.32
201.80
16,372.32
307.14
9,527.48
4,614.65
350.75
500.60
(323.64)
1,643.97
1,412.85
360.82
B) Ag e d ListofAc c ountsPa ya b le -Tra d e ($CDN )
Line N o. BP N um b e r
30Se p14
Ve nd or
Tota l
$
65
466
671
674
739
193
1
951
120
521
431
1012
976
742
59
880
844
504
913
888
151
78
158
968
665
818
760
762
109
178
1028
692
1002
97
747
470
964
920
815
47
917
785
475
484
677
667
490
957
802
807
1026
923
657
782
116
477
92
425
800
804
57
654
695
960
149
857
855
428
494
949
962
697
517
95
90
660
911
970
519
63
935
44
1024
25
902
701
681
842
790
859
200080
200272
200595
200628
200691
200236
200007
290046
200189
200469
200262
290089
290087
200692
200067
279918
210006
200432
290017
279936
200202
200088
200208
290081
200562
200909
200725
200739
200170
200222
290096
200660
290088
200141
200707
200307
290064
290026
200889
200050
290024
200758
200350
200359
200634
200589
200390
290047
200860
200881
290094
290030
200505
200744
200186
200354
200105
200253
200850
200877
200051
200501
200662
290052
200200
210021
210017
200261
200391
290041
290053
200664
200435
200127
200096
200558
290002
290084
200455
200079
290036
200049
290093
200012
280004
200671
200642
210005
200812
279913
Cristall Group Investments
Receiver General
Export Development Canada
Export Development Can.
American Comfort Worldwide, LLC
Oreck Sales USA.
ABF Freight System Inc
Huizhou Trans Tune International Logistics Co. Ltd
Kingstar Media
Purolator Freight, (Division of Purolator Courier Ltd...
Purolator Courier..
DSX - Port Inc.
Frontier Supply Chain Solution
Fine Line.
CJOB/CJKR-FM
Cumberland Containers
Inteqna
Sameday..
TruEffect, Inc.
Commerce Hub(ACW)
Manitoba Hydro
Day & Ross.
Mid Canada Production Services
Mavrick Consulting
International Housewares
Frank Digital
QuickCard
CommerceHub
Instabox Ltd.
MTS Allstream Inc.
Mam Logistics
Living Well Company
RMS
GHY USA
Hub
Staples Business Depot
Joytv10
Knotice
Reliable Products International LLC
Canada Post Corporation
YRC Freight(Axe)
Carlyle Printers, Service & Supplies Ltd.
Uline
Van Houtte Coffee Services Inc..
BFI Canada
Higher Power Marketing
Workers Compensation Board
Oreck Centres of Ontario
City of Cookeville
IJS Global (Netherlands) BV
Golden, Travis
Poulin's Pest Control
Yellow Pages Group
Lambskin Specialties
Kellett Copy Centres.
UPS.
DSI Security Systems.
Pitney Bowes
CaseWare International
UPS(ACW)
Canadian Barter System
Clarke Transport
A. Miracle Sanitation Supply Co. Inc.
Miracle Sanitation Supply Co. Ltd.
Lubavitch Centre
Derksen Plumbing & Heating
Hibbert Intl.
Promat Services Ltd
World of Water
Cade's Forklift
Wittenberg, Alex
CHEP
A-1 Credit
Fedex
DHL Express
SPS Commerce, Inc.
Paul Ryan LLC
Jiangmen Posi Refrigeration Appliance Co., Ltd
CSA (Coordinated Strategic Alliances Inc.)
Cp Industries
Oxygen Technical Services Ltd.
Canada Revenue Agency
Shenzen Ningwe
Aikins, Macaulay & Thorvaldson LLP
Ernst & Young
YOAU ELECTRIC
Coordinated Strategic Alliances, Inc
Home Star
King Post Industrial Co. Ltd
Leo Zhang
(103,373) $
Future Pm t
-
030
$
3160
17,060
$
6190
(333,914) $
91120
(749,132) $
16497.37
-240976.28
-86647
-73241.13
-42265.39
-38687.54
-26481.38
-22918.31
-17777.15
-16373.12
-12474
-11127.04
-10715.72
-10068.3
-7843.18
-7691.82
-7109.16
-7095.97
-6898.42
-6699.36
-4942.7
-4885.83
-4667.75
-4040.51
-3697.98
-3574.26
-2894.35
-2884.63
-2882.59
-2758.81
-2634.18
-2630.01
-2362.5
-2209.02
-2199.42
-1988.84
-1817.44
-1771.01
-1293.46
-1264.46
-1250.37
-1083.73
-936.91
-849
-824.36
-822.08
-798.05
-694.05
-577.08
-498.76
-480.44
-440.91
-377.28
-342.27
-301.88
-282.48
-266.86
-260.99
-250.05
-214.03
-150
-146.9
-143.9
-134.77
-123
-81.66
-62.32
-27.41
-27.21
-26.62
-11.52
-7.19
74.46
1808.89
1814.21
2233.22
8215.07
11432.09
13263.75
15808.1
26500
26862.02
35692.28
108890
159144.94
207872.28
-12370.6
24072.37
-1375.07
-385.02
-271042.64
-29213.78
-166841.36
40000
-2583.59
-3264.63
-321.39
-1608.91
-2079
-7064.25
-3004.05
-450.54
-7109.16
-403.35
-25203.7
8533.53
-3395.65
-4357.96
-22514.55
-3069.99
-16144.86
-9166.83
-10395
-3924.66
-3198.72
-862.91
120+
(130,076) $
10952.7
151014.66
-19858.92
-120948.3
-69109.67
-3876
-317.18
-19565.17
-1242.65
-2452.09
115.73
-1968.75
257.68
-480.17
-1949.36
-628.89
-7843.18
-5346.13
-7095.97
-6898.42
-6699.36
-4885.83
-405.58
-2705.18
-1248.47
-2884.63
-1587.56
-138.41
8030.74
-590.67
-374.14
-429.99
-239.93
-9777.14
-1611.05
-318.97
-406.09
2255.21
222.62
-546.07
-731.73
-690.9
-1357.31
-2246.52
-1264.46
-419.06
-831.31
-1293.46
-693.64
-238.14
-217.77
-249.38
-370.64
-109.8
-377.28
-119.07
-25.75
-8.35
-342.27
-282.48
-406.81
-301.88
-214.03
-150
-146.9
-64
-81.66
-62.32
-6.53
-27.21
-26.62
-11.52
-7.19
-1752.4
11300
-798.05
-119.07
-577.08
-249.38
-266.86
-260.99
-250.05
2233.22
2415.16
11432.09
-1817.44
-1707.14
-849
-824.36
-128.44
-20.88
-393.75
-2209.02
-2199.42
-1083.73
-936.91
-143.9
-134.77
-59
-283.15
-1310.9
-5597.38
-7202.38
-2970.24
-376.65
-63.87
85066.7
-33832.44
-26494.92
-4546.76
-4942.7
-4667.75
-449.58
-1748.62
-3574.26
-304.42
1,092,690
-10952.7
-16497.37
74.46
2183.51
11300
108890
2415.16
-917.55
22600
-514507.58
-156584.74
1808.89
1814.21
754.06
447.18
-5393.3
12600
-145142.92
13263.75
23871.35
-31300
686512.52
35692.28
7313.45
315729.68
200558.83
% >90 Days
B) CREDIT CARD PAYABLES
Ac c ount-De sc ription
$
Ce nturion Am e x20082016
Pla tinum Am e x20031013
Corpora te Am e x71001
Visa RBC 6162 U SD
VISA RBC 2204 -Justine
$
$
$
Tota l
381,442
395.39
455,392.87
-
Future Pm t
030
$
$ 381,442
$
395.39
$ 455,392.87
$
-
$
(56,709.73)
$ (56,709.73)
$
(17,636.05)
$ (17,636.05)
$
3160
-
$
6190
-
90 +
$
-
C) IN VEN TO RY
30Se p14
Ac c ount-De sc ription
Total Inventory
13000000-01-00 - New . Oreck Retail Vacuums
13000002-01-00 - New . Oreck Air Purifiers
13000004-01-00 - New . Free Gift Inventory
13000006-01-00 - New . Oreck Commercial Vacuums
13000008-01-00 - New . Fast Commercial Vacuums
13000010-01-00 - New . Dehumidifiers
13000020-03-00 - New . Comfort Furnaces (BENTEL)
13000022-03-00 - New . RedCore Heaters (BENTEL)
13000024-03-00 - New . Heatstorm Heaters (BENTEL)
13000014-01-00 - New . Plasma Cool Air Conditioning
13000026-01-00 - ACW Heaters
13000017-01-00 - New - FANS
11330000-01-00 - Demo . Oreck Retail Vacuums
11330050-01-00 - Demo . Oreck Air Purifiers
11330015-01-00 - Demo . Oreck Commercial Vacuums
11300150-03-00 - Demo . Comfort Furnances (Bentel)
11330000-03-00 - Demo . Red Core Heaters (Bentel)
11330007-01-00 - Demo . ACW Heaters
11330005-01-00 - Demo . Plasma Cool Air Conditioning
13300005-01-00 - Parts . Oreck . Air Purifiers
13300010-01-00 - Parts . Oreck Retail Vacuum
13300015-01-00 - Parts . Oreck Commercial Vacuums
13300025-03-00 - Parts . Red Core Heaters (BENTEL)
13300030-03-00 - Parts . Comfort Furnance (Bentel)
13300040-02-00 - Parts . ACW Air Conditioning (ADI)
13300100-01-00 - Resale . Oreck Retail Vacuums
13300300-01-00 - Resale . Air Purifiers
13300035-01-00 - Parts . Plasma Cool Air Conditioning
13300045-01-00 - Parts . ACW Heaters
13300021-01-00 - Thinker Parts
$
593,717.96
26232.74
29001.39
38465.27
9018.39
21504.21
1197.4
22669
9569.34
276.33
6752.03
82373.73
-5342.04
27107.57
40787.27
574.66
89108.44
35000.7
32903.5
23902.34
28755.02
21914.06
5975.54
149.09
37022.57
20
9348.03
10690.92
504.47
8708.58
5760.15
C) IN VEN TO RY
Ac c ount-De sc ription
Total Inventory
13000026-04-00 - New . ACW . Heaters (ACW)
13000000-04-00 - New . ACW . Air Conditioning (ACW)
13000027-04-00 - New . Heatstorm . Heaters (ACW)
13000025-04-00 - New . Red Core . Fire Places (ACW)
13013013-04-00 - Goods Clearing (ACW)
13000004-04-00 - ACW New. Free Gift Inventory
13000002-04-00 - ACW New Air Purifiers
13000017-04-00 - New ACW LifeSmart Fans
13200026-04-00 - Demo . ACW . Heaters (ACW)
13200000-04-00 - Demo . ACW . Air Conditioning ACW)
13200025-04-00 - Demo . Red Core . Fire Places (ACW)
11330050-04-00 - Demo ACW Air Purifier
11330000-04-00 - ACW Demo. Oreck Retail Vacuums
30Se p14
$
97,443.53
36012.64
10387.8
111.07
10304.19
60.18
2091.71
2848.83
1339.7
20394.42
37058.49
595.4
12251.74
B) Ag e d ListofAc c ountsPa ya b le ACW -Tra d e ($UDS)
Line No. BP Num b e r
30Se p14
Ve nd or
Tota l
$
19
27
1
14
47
16
43
45
41
279918
279936
200707
200860
290094
200877
290041
290053
290002
Cumberland Containers
Commerce Hub(ACW)
Hub
City of Cookeville
Golden, Travis
UPS(ACW)
Cade's Forklift
Wittenberg, Alex
Paul Ryan LLC
(23,427) $
-11127.04
-7691.82
-2634.18
-824.36
-798.05
-282.48
-81.66
-62.32
74.46
Future Pm t
-
030
$
(3,727) $
-450.54
-2452.09
-824.36
3160
6190
(10,463) $
-403.35
-9777.14
91120
(2,458) $
-3924.66
-862.91
2255.21
(1,320) $
-628.89
-690.9
% >90 Days
120+
(5,460)
-7202.38
-5346.13
8030.74
-798.05
-282.48
74.46
-81.66
-62.32
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.12. GL Account Detail – SHOPHQ (BP Code 321286)
Axe Houghton Group Inc. – Interim Report
PwC
31
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:28PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
USD 3,406.50
Account Balance
Post. Date
Source
Offset Acct
Details
11/04/2013 857359
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,177.00
$ 0.00
USD 3,406.50
11/04/2013 857689
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,177.00
$ 0.00
USD 3,406.50
11/05/2013 857973
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,177.00
$ 0.00
USD 3,406.50
11/05/2013 858156
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,177.00
$ 0.00
USD 3,406.50
11/07/2013 859007
CN
42000001-04-00
A/R Credit Memos - 321286
$ (93.76)
$ 2,083.24
$ (0.00)
11/08/2013 859564
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
11/13/2013 860439
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
11/13/2013 860563
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
11/13/2013 860564
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
11/15/2013 861392
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
11/21/2013 863478
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/02/2013 865527
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/02/2013 865529
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/09/2013 867923
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/12/2013 869690
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/13/2013 870208
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/13/2013 870298
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/16/2013 870672
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 2,083.24
$ 0.00
USD 3,316.50
12/17/2013 871483
IN
40500000-04-00
A/R Invoices - 321286
$ 7,781.45
$ 9,864.69
$ 0.00
12/27/2013 874942
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 9,864.69
$ 0.00
USD 10,666.50
12/27/2013 874943
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 9,864.69
$ 0.00
USD 10,666.50
Page
Trans.
1
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
USD (90.00)
USD 7,350.00
Cumulative Bal. (FC) Balance Due (FC)
USD 3,316.50
USD 10,666.50
USD (0.00)
USD 0.00
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Trans.
USD 3,406.50
Source
Offset Acct
Details
01/06/2014 884968
JE
290084
LC SHINY
01/06/2014 887724
JE
200671
01/06/2014 887725
JE
01/06/2014 887726
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
$ (783,345.04)
$ -773,480.35
$ (0.00)
USD (738,030.00)
USD -727,363.50
USD (0.00)
LC 17112196-00 YOAU
$ (1,417,873.31)
$ -2,191,353.66
$ (0.00)
USD (1,335,852.00)
USD -2,063,215.50
USD (0.00)
200671
LC 17112280-00 YOAU
$ (607,659.99)
$ -2,799,013.65
$ (0.00)
USD (572,508.00)
USD -2,635,723.50
USD (0.00)
JE
200671
LC 17112282-00 YOAU
$ (525,927.95)
$ -3,324,941.60
$ (0.00)
USD (495,504.00)
USD -3,131,227.50
USD (0.00)
01/08/2014 878322
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/08/2014 878459
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881426
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881431
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881436
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881465
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881467
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881469
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881473
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881475
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881480
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881482
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881488
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881490
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881495
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881497
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881498
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
Page
2
Continued on next page
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
01/17/2014 881499
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881500
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881501
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881502
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881506
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881509
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881512
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881516
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881519
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881525
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881528
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881529
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881530
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/17/2014 881532
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -3,324,941.60
$ 0.00
USD -3,131,227.50
01/20/2014 884973
IN
42000001-04-00
A/R Invoices - 321286
$ 1,458,111.13
$ -1,866,830.47
$ 0.00
USD 1,328,454.00
USD -1,802,773.50
USD 0.00
01/20/2014 903506
CN
42000001-04-00
A/R Credit Memos - 321286
$ (1,458,111.13)
$ -3,324,941.60
$ (0.00)
USD (1,328,454.00)
USD -3,131,227.50
USD (0.00)
01/20/2014 903509
IN
42000001-04-00
A/R Invoices - 321286
$ 324,024.69
$ -3,000,916.91
$ 0.00
USD 295,212.00
USD -2,836,015.50
USD 0.00
01/20/2014 903512
IN
42000001-04-00
A/R Invoices - 321286
$ 810,061.75
$ -2,190,855.16
$ 0.00
USD 738,030.00
USD -2,097,985.50
USD 0.00
01/20/2014 903513
IN
42000001-04-00
A/R Invoices - 321286
$ 317,294.21
$ -1,873,560.95
$ 0.00
USD 289,080.00
USD -1,808,905.50
USD 0.00
01/20/2014 906081
CN
42000001-04-00
A/R Credit Memos - 321286
$ (317,294.21)
$ -2,190,855.16
$ (0.00)
USD (289,080.00)
USD -2,097,985.50
USD (0.00)
01/20/2014 906085
IN
42000001-04-00
A/R Invoices - 321286
$ 324,024.69
$ -1,866,830.47
$ 0.00
USD 295,212.00
USD -1,802,773.50
USD 0.00
Page
Trans.
USD 3,406.50
3
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
01/21/2014 882572
IN
40000000-03-00
A/R Invoices - 321286
$ 183,556.28
$ -1,683,274.19
$ 0.00
USD 167,616.00
USD -1,635,157.50
USD 0.00
01/21/2014 890375
IN
42000001-04-00
A/R Invoices - 321286
$ 2,562.53
$ -1,680,711.66
$ 0.00
USD 2,340.00
USD -1,632,817.50
USD 0.00
01/21/2014 893219
CN
40000010-03-00
A/R Credit Memos - 321286
$ (183,556.28)
$ -1,864,267.94
$ (0.00)
USD (167,616.00)
USD -1,800,433.50
USD (0.00)
01/21/2014 893561
IN
40020000-04-00
A/R Invoices - 321286
$ 183,556.28
$ -1,680,711.66
$ 0.00
USD 167,616.00
USD -1,632,817.50
USD 0.00
01/22/2014 882900
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882901
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882902
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882903
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882904
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882905
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882906
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882907
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882909
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882910
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882911
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882912
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882913
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882914
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882915
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882916
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882917
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
Page
Trans.
USD 3,406.50
4
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
01/22/2014 882918
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882919
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882920
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882921
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882922
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882924
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882925
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882926
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882927
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882928
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882929
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882949
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882955
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882959
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882960
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882962
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882964
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882965
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882966
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882967
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882971
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
Page
Trans.
USD 3,406.50
5
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
01/22/2014 882979
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882981
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882984
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882985
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882986
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 882997
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883009
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883012
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883013
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883014
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883015
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883016
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883017
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883018
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883019
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883021
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883023
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883024
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883025
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883026
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883027
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
Page
Trans.
USD 3,406.50
6
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
01/22/2014 883028
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883037
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883038
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883039
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883041
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883042
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883142
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883144
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883145
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883146
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883148
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883150
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883151
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883152
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883153
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883154
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883156
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883157
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883158
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883160
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883167
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
Page
Trans.
USD 3,406.50
7
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
01/22/2014 883172
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883175
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883178
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/22/2014 883180
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/24/2014 884042
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/24/2014 884043
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ -1,680,711.66
$ 0.00
USD -1,632,817.50
01/27/2014 887715
IN
42000001-04-00
A/R Invoices - 321286
$ 844,411.13
$ -836,300.53
$ 0.00
USD 763,344.00
USD -869,473.50
USD 0.00
01/27/2014 887716
IN
42000001-04-00
A/R Invoices - 321286
$ 1,161,065.31
$ 324,764.78
$ 0.00
USD 1,049,598.00
USD 180,124.50
USD 0.00
01/27/2014 887717
IN
42000001-04-00
A/R Invoices - 321286
$ 1,161,065.31
$ 1,485,830.09
$ 0.00
USD 1,049,598.00
USD 1,229,722.50
USD 0.00
01/28/2014 885346
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,485,830.09
$ 0.00
USD 1,229,722.50
01/29/2014 885573
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,485,830.09
$ 0.00
USD 1,229,722.50
01/29/2014 885889
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,485,830.09
$ 0.00
USD 1,229,722.50
02/04/2014 887568
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,485,830.09
$ 0.00
USD 1,229,722.50
02/04/2014 887569
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,485,830.09
$ 0.00
USD 1,229,722.50
02/13/2014 890570
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,485,830.09
$ 0.00
USD 1,229,722.50
02/18/2014 891483
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,485,830.09
$ 0.00
USD 1,229,722.50
02/20/2014 892088
IN
40020000-04-00
A/R Invoices - 321286
$ 107,495.40
$ 1,593,325.49
$ 0.00
02/20/2014 892232
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
02/25/2014 893541
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
03/10/2014 898016
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
03/17/2014 900048
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
Page
Trans.
USD 3,406.50
8
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
USD 97,000.00
Cumulative Bal. (FC) Balance Due (FC)
USD 1,326,722.50
USD 0.00
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
03/27/2014 903554
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
04/04/2014 906180
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
04/04/2014 906181
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
04/09/2014 907253
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,593,325.49
$ 0.00
USD 1,326,722.50
04/14/2014 907748
RC
14001000-04-00
Incoming Payments - 321286
$ (109,790.00)
$ 1,483,535.49
$ (0.00)
USD (100,000.00)
USD 1,226,722.50
USD (0.00)
04/14/2014 907750
RC
14001000-04-00
Reverse Entry for Incoming
Payment No. 257507
$ 109,790.00
$ 1,593,325.49
$ 0.00
USD 100,000.00
USD 1,326,722.50
USD 0.00
04/14/2014 907752
RC
14000600-01-00
Incoming Payments - 321286
$ (109,790.00)
$ 1,483,535.49
$ (0.00)
USD (100,000.00)
USD 1,226,722.50
USD (0.00)
04/14/2014 907961
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,483,535.49
$ 0.00
USD 1,226,722.50
04/17/2014 908967
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,483,535.49
$ 0.00
USD 1,226,722.50
04/29/2014 912052
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,483,535.49
$ 0.00
USD 1,226,722.50
04/30/2014 919729
IN
42000001-04-00
A/R Invoices - 321286
$ 316,571.51
$ 1,800,107.00
$ 0.00
USD 289,080.00
USD 1,515,802.50
USD 0.00
04/30/2014 936246
CN
42000001-04-00
A/R Credit Memos - 321286
$ (316,571.51)
$ 1,483,535.49
$ (0.00)
USD (289,080.00)
USD 1,226,722.50
USD (0.00)
05/05/2014 914029
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,483,535.49
$ 0.00
05/07/2014 914588
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.47)
$ 1,483,245.02
$ (0.00)
USD (267.00)
USD 1,226,455.50
USD (0.00)
05/07/2014 914611
CN
42000001-04-00
A/R Credit Memos - 321286
$ (217.58)
$ 1,483,027.44
$ (0.00)
USD (200.00)
USD 1,226,255.50
USD (0.00)
05/07/2014 914612
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.71)
$ 1,482,758.73
$ (0.00)
USD (247.00)
USD 1,226,008.50
USD (0.00)
05/07/2014 914613
CN
42000001-04-00
A/R Credit Memos - 321286
$ (217.58)
$ 1,482,541.15
$ (0.00)
USD (200.00)
USD 1,225,808.50
USD (0.00)
05/07/2014 914614
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.47)
$ 1,482,250.68
$ (0.00)
USD (267.00)
USD 1,225,541.50
USD (0.00)
05/07/2014 914615
CN
42000001-04-00
A/R Credit Memos - 321286
$ (236.07)
$ 1,482,014.61
$ (0.00)
USD (217.00)
USD 1,225,324.50
USD (0.00)
05/07/2014 914616
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.47)
$ 1,481,724.14
$ (0.00)
USD (267.00)
USD 1,225,057.50
USD (0.00)
05/07/2014 914617
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.47)
$ 1,481,433.67
$ (0.00)
USD (267.00)
USD 1,224,790.50
USD (0.00)
Page
Trans.
USD 3,406.50
9
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
USD 1,226,722.50
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
05/07/2014 914618
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.71)
$ 1,481,164.96
$ (0.00)
USD (247.00)
USD 1,224,543.50
USD (0.00)
05/07/2014 914619
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.71)
$ 1,480,896.25
$ (0.00)
USD (247.00)
USD 1,224,296.50
USD (0.00)
05/07/2014 914708
CN
40010010-04-00
A/R Credit Memos - 321286
$ (54,082.77)
$ 1,426,813.48
$ (0.00)
USD (49,713.00)
USD 1,174,583.50
USD (0.00)
05/07/2014 914712
CN
40010010-04-00
A/R Credit Memos - 321286
$ (60,783.15)
$ 1,366,030.33
$ (0.00)
USD (55,872.00)
USD 1,118,711.50
USD (0.00)
05/08/2014 915450
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,366,030.33
$ 0.00
USD 1,118,711.50
05/09/2014 915573
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,366,030.33
$ 0.00
USD 1,118,711.50
05/12/2014 915875
CN
42000001-04-00
A/R Credit Memos - 321286
$ (11,834.14)
$ 1,354,196.19
$ (0.00)
USD (10,861.00)
USD 1,107,850.50
USD (0.00)
05/12/2014 915887
CN
40010010-04-00
A/R Credit Memos - 321286
$ (94.80)
$ 1,354,101.39
$ (0.00)
USD (87.00)
USD 1,107,763.50
USD (0.00)
05/12/2014 915890
CN
40010010-04-00
A/R Credit Memos - 321286
$ (94.80)
$ 1,354,006.59
$ (0.00)
USD (87.00)
USD 1,107,676.50
USD (0.00)
05/12/2014 915892
CN
40010010-04-00
A/R Credit Memos - 321286
$ (94.80)
$ 1,353,911.79
$ (0.00)
USD (87.00)
USD 1,107,589.50
USD (0.00)
05/12/2014 915893
CN
40010010-04-00
A/R Credit Memos - 321286
$ (105.69)
$ 1,353,806.10
$ (0.00)
USD (97.00)
USD 1,107,492.50
USD (0.00)
05/12/2014 915969
CN
50099000-04-00
A/R Credit Memos - 321286
$ (1,669.63)
$ 1,352,136.47
$ (0.00)
USD (1,532.33)
USD 1,105,960.17
USD (0.00)
05/12/2014 915971
CN
42000001-04-00
A/R Credit Memos - 321286
$ (445.65)
$ 1,351,690.82
$ (0.00)
USD (409.00)
USD 1,105,551.17
USD (0.00)
05/12/2014 915975
CN
42000001-04-00
A/R Credit Memos - 321286
$ (1,020.96)
$ 1,350,669.86
$ (0.00)
USD (937.00)
USD 1,104,614.17
USD (0.00)
05/12/2014 915993
CN
50099000-04-00
A/R Credit Memos - 321286
$ (1,089.14)
$ 1,349,580.72
$ (0.00)
USD (999.58)
USD 1,103,614.59
USD (0.00)
05/12/2014 916007
CN
42000001-04-00
A/R Credit Memos - 321286
$ (3,023.64)
$ 1,346,557.08
$ (0.00)
USD (2,775.00)
USD 1,100,839.59
USD (0.00)
05/12/2014 916008
CN
42000001-04-00
A/R Credit Memos - 321286
$ (213.56)
$ 1,346,343.52
$ (0.00)
USD (196.00)
USD 1,100,643.59
USD (0.00)
05/12/2014 916009
CN
42000001-04-00
A/R Credit Memos - 321286
$ (5,735.15)
$ 1,340,608.37
$ (0.00)
USD (5,263.54)
USD 1,095,380.05
USD (0.00)
05/13/2014 916381
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,340,608.37
$ 0.00
USD 1,095,380.05
05/13/2014 916384
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,340,608.37
$ 0.00
USD 1,095,380.05
05/16/2014 916974
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,340,608.37
$ 0.00
USD 1,095,380.05
Page
Trans.
USD 3,406.50
10
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
05/20/2014 917228
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,340,608.37
$ 0.00
USD 1,095,380.05
05/20/2014 917361
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,340,608.37
$ 0.00
USD 1,095,380.05
05/27/2014 918861
RC
14000600-01-00
Incoming Payments - 321286
$ (375,756.00)
$ 964,852.37
$ (0.00)
05/27/2014 918918
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/27/2014 918919
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/27/2014 918925
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/27/2014 918926
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/27/2014 919027
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/27/2014 919031
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/27/2014 919034
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/28/2014 919281
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 964,852.37
$ 0.00
USD 749,380.05
05/29/2014 919478
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.36)
$ 964,562.01
$ (0.00)
USD (267.00)
USD 749,113.05
USD (0.00)
05/29/2014 919483
CN
40010010-04-00
A/R Credit Memos - 321286
$ (135.94)
$ 964,426.07
$ (0.00)
USD (125.00)
USD 748,988.05
USD (0.00)
05/29/2014 919484
CN
40010010-04-00
A/R Credit Memos - 321286
$ (135.94)
$ 964,290.13
$ (0.00)
USD (125.00)
USD 748,863.05
USD (0.00)
05/29/2014 919486
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.61)
$ 964,021.52
$ (0.00)
USD (247.00)
USD 748,616.05
USD (0.00)
05/29/2014 919487
CN
42000001-04-00
A/R Credit Memos - 321286
$ (217.50)
$ 963,804.02
$ (0.00)
USD (200.00)
USD 748,416.05
USD (0.00)
05/29/2014 919488
CN
40010010-04-00
A/R Credit Memos - 321286
$ (105.49)
$ 963,698.53
$ (0.00)
USD (97.00)
USD 748,319.05
USD (0.00)
05/29/2014 919491
CN
40010010-04-00
A/R Credit Memos - 321286
$ (1,265.85)
$ 962,432.68
$ (0.00)
USD (1,164.00)
USD 747,155.05
USD (0.00)
05/29/2014 919492
CN
40010010-04-00
A/R Credit Memos - 321286
$ (105.49)
$ 962,327.19
$ (0.00)
USD (97.00)
USD 747,058.05
USD (0.00)
05/29/2014 919493
CN
42000001-04-00
A/R Credit Memos - 321286
$ (867.83)
$ 961,459.36
$ (0.00)
USD (798.00)
USD 746,260.05
USD (0.00)
05/29/2014 919496
CN
42000001-04-00
A/R Credit Memos - 321286
$ (7,250.37)
$ 954,208.99
$ (0.00)
USD (6,667.00)
USD 739,593.05
USD (0.00)
Page
Trans.
USD 3,406.50
11
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
USD (346,000.00)
Cumulative Bal. (FC) Balance Due (FC)
USD 749,380.05
USD (0.00)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
05/29/2014 919499
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.36)
$ 953,918.63
$ (0.00)
USD (267.00)
USD 739,326.05
USD (0.00)
05/29/2014 919500
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.61)
$ 953,650.02
$ (0.00)
USD (247.00)
USD 739,079.05
USD (0.00)
05/29/2014 919501
CN
40010010-04-00
A/R Credit Memos - 321286
$ (105.49)
$ 953,544.53
$ (0.00)
USD (97.00)
USD 738,982.05
USD (0.00)
05/29/2014 919502
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.36)
$ 953,254.17
$ (0.00)
USD (267.00)
USD 738,715.05
USD (0.00)
05/29/2014 919503
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.61)
$ 952,985.56
$ (0.00)
USD (247.00)
USD 738,468.05
USD (0.00)
05/29/2014 919504
CN
42000001-04-00
A/R Credit Memos - 321286
$ (217.50)
$ 952,768.06
$ (0.00)
USD (200.00)
USD 738,268.05
USD (0.00)
05/29/2014 919505
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.36)
$ 952,477.70
$ (0.00)
USD (267.00)
USD 738,001.05
USD (0.00)
05/29/2014 919506
CN
40500000-04-00
A/R Credit Memos - 321286
$ (22,298.12)
$ 930,179.58
$ (0.00)
USD (20,504.00)
USD 717,497.05
USD (0.00)
05/29/2014 919507
CN
42000001-04-00
A/R Credit Memos - 321286
$ (326.25)
$ 929,853.33
$ (0.00)
USD (300.00)
USD 717,197.05
USD (0.00)
05/29/2014 919508
CN
40010010-04-00
A/R Credit Memos - 321286
$ (1,275.64)
$ 928,577.69
$ (0.00)
USD (1,173.00)
USD 716,024.05
USD (0.00)
05/29/2014 919509
CN
40010010-04-00
A/R Credit Memos - 321286
$ (105.49)
$ 928,472.20
$ (0.00)
USD (97.00)
USD 715,927.05
USD (0.00)
05/29/2014 919510
CN
40010010-04-00
A/R Credit Memos - 321286
$ (105.49)
$ 928,366.71
$ (0.00)
USD (97.00)
USD 715,830.05
USD (0.00)
05/29/2014 919511
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.61)
$ 928,098.10
$ (0.00)
USD (247.00)
USD 715,583.05
USD (0.00)
05/29/2014 919512
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.36)
$ 927,807.74
$ (0.00)
USD (267.00)
USD 715,316.05
USD (0.00)
05/29/2014 919513
CN
42000001-04-00
A/R Credit Memos - 321286
$ (268.61)
$ 927,539.13
$ (0.00)
USD (247.00)
USD 715,069.05
USD (0.00)
05/29/2014 919515
CN
42000001-04-00
A/R Credit Memos - 321286
$ (290.36)
$ 927,248.77
$ (0.00)
USD (267.00)
USD 714,802.05
USD (0.00)
05/29/2014 919516
CN
40010010-04-00
A/R Credit Memos - 321286
$ (81.02)
$ 927,167.75
$ (0.00)
USD (74.50)
USD 714,727.55
USD (0.00)
05/29/2014 919517
CN
40010010-04-00
A/R Credit Memos - 321286
$ (81.02)
$ 927,086.73
$ (0.00)
USD (74.50)
USD 714,653.05
USD (0.00)
05/29/2014 919520
CN
42000001-04-00
A/R Credit Memos - 321286
$ (390.41)
$ 926,696.32
$ (0.00)
USD (359.00)
USD 714,294.05
USD (0.00)
05/29/2014 924611
CN
42000001-04-00
A/R Credit Memos - 321286
$ (10,444.35)
$ 916,251.97
$ (0.00)
USD (9,604.00)
USD 704,690.05
USD (0.00)
05/29/2014 924835
IN
42000100-04-00
A/R Invoices - 321286
$ 10,444.35
$ 926,696.32
$ 0.00
USD 9,604.00
USD 714,294.05
USD 0.00
Page
Trans.
USD 3,406.50
12
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Trans.
USD 3,406.50
Source
Offset Acct
Details
05/29/2014 924839
CN
42000001-04-00
A/R Credit Memos - 321286
05/29/2014 924840
IN
42000100-04-00
06/02/2014 919907
IN
06/02/2014 919910
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
$ (10,444.35)
$ 916,251.97
$ (0.00)
USD (9,604.00)
USD 704,690.05
USD (0.00)
A/R Invoices - 321286
$ 21,261.73
$ 937,513.70
$ 0.00
USD 19,551.00
USD 724,241.05
USD 0.00
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/02/2014 919913
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/02/2014 919917
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/02/2014 919918
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/02/2014 919921
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/02/2014 919922
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/02/2014 919987
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/05/2014 920951
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 937,513.70
$ 0.00
USD 724,241.05
06/12/2014 916013
CN
42000001-04-00
A/R Credit Memos - 321286
$ (11,916.45)
$ 925,597.25
$ (0.00)
USD (11,916.45)
USD 712,324.60
USD (0.00)
$ (0.01)
$ 925,597.24
$ (0.00)
USD (0.01)
USD 712,324.59
USD (0.00)
06/12/2014 916039
JE
73000000-01-00
Pmt 2127066 adjustment for
rounding
06/12/2014 916043
JR
70000000-01-00
Manual Reconciliation
Transaction
$ 689.16
$ 926,286.40
$ 0.00
USD 712,324.59
06/12/2014 922689
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/13/2014 923095
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/16/2014 923357
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/16/2014 923369
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/19/2014 924375
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/19/2014 924378
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/19/2014 924382
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
Page
13
Continued on next page
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
06/19/2014 924383
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/19/2014 924384
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/19/2014 924385
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/19/2014 924387
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/20/2014 924643
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 926,286.40
$ 0.00
USD 712,324.59
06/20/2014 924785
IN
42000001-04-00
A/R Invoices - 321286
$ 186,612.33
$ 1,112,898.73
$ 0.00
06/23/2014 924982
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
06/23/2014 925159
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
06/24/2014 925294
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
06/26/2014 925860
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
06/27/2014 926130
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/02/2014 926474
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/03/2014 926972
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/03/2014 926974
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/03/2014 926976
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/03/2014 927062
IN
40020000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/08/2014 927608
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/08/2014 927617
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/08/2014 927618
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/08/2014 927619
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/08/2014 927710
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
Page
Trans.
USD 3,406.50
14
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
USD 172,422.00
Cumulative Bal. (FC) Balance Due (FC)
USD 884,746.59
USD 0.00
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
07/08/2014 927711
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/09/2014 927848
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/09/2014 927950
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/09/2014 927951
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/09/2014 927952
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/10/2014 928037
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/10/2014 928126
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/11/2014 928262
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/14/2014 928412
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/15/2014 928646
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/15/2014 928647
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/15/2014 928648
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/18/2014 928945
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/22/2014 929759
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/23/2014 930073
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/24/2014 930557
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/24/2014 930558
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/24/2014 930684
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/25/2014 930889
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/28/2014 931072
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/28/2014 931080
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
Page
Trans.
USD 3,406.50
15
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Trans.
USD 3,406.50
Source
Offset Acct
Details
07/28/2014 931082
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/28/2014 931083
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,898.73
$ 0.00
USD 884,746.59
07/29/2014 931358
CN
42000001-04-00
A/R Credit Memos - 321286
$ (266.76)
$ 1,112,631.97
$ (0.00)
07/29/2014 931359
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/29/2014 931360
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/31/2014 931618
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/31/2014 931622
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/31/2014 931623
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/31/2014 931624
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/31/2014 931626
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/31/2014 931627
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
07/31/2014 931628
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 1,112,631.97
$ 0.00
USD 884,499.59
Manual Reconciliation
Transaction
$ (26,716.71)
$ 1,085,915.26
$ (0.00)
USD 884,499.59
$ 134.53
$ 1,086,049.79
$ 0.00
$ (5,278.25)
$ 1,080,771.54
$ (0.00)
$ (311,768.60)
$ 769,002.94
$ (0.00)
$ (4,409.37)
$ 764,593.57
$ (0.00)
07/31/2014 936243
JR
70000000-01-00
07/31/2014 936253
JE
73000000-04-00
07/31/2014 936256
JR
70000000-01-00
07/31/2014 936318
JE
13000004-04-00
Manual Reconciliation
Transaction
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
USD (247.00)
USD 123.41
Cumulative Bal. (FC) Balance Due (FC)
USD 884,499.59
USD 884,623.00
USD (0.00)
USD 0.00
USD 884,623.00
USD (286,000.00)
USD 598,623.00
USD (0.00)
07/31/2014 936319
JR
70000000-01-00
Manual Reconciliation
Transaction
08/01/2014 931330
CN
42000001-04-00
A/R Credit Memos - 321286
$ (35,478.00)
$ 729,115.57
$ (0.00)
USD (32,850.00)
USD 565,773.00
USD (0.00)
08/01/2014 931331
CN
42000001-04-00
A/R Credit Memos - 321286
$ (71,253.00)
$ 657,862.57
$ (0.00)
USD (65,975.00)
USD 499,798.00
USD (0.00)
08/01/2014 931361
CN
40010010-04-00
A/R Credit Memos - 321286
$ (104.76)
$ 657,757.81
$ (0.00)
USD (97.00)
USD 499,701.00
USD (0.00)
08/01/2014 931362
CN
42000001-04-00
A/R Credit Memos - 321286
$ (266.76)
$ 657,491.05
$ (0.00)
USD (247.00)
USD 499,454.00
USD (0.00)
Page
16
Continued on next page
USD 598,623.00
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
08/01/2014 931363
CN
42000001-04-00
A/R Credit Memos - 321286
$ (266.76)
$ 657,224.29
$ (0.00)
USD (247.00)
USD 499,207.00
USD (0.00)
08/01/2014 931364
CN
42000001-04-00
A/R Credit Memos - 321286
$ (266.76)
$ 656,957.53
$ (0.00)
USD (247.00)
USD 498,960.00
USD (0.00)
08/01/2014 931366
CN
42000001-04-00
A/R Credit Memos - 321286
$ (266.76)
$ 656,690.77
$ (0.00)
USD (247.00)
USD 498,713.00
USD (0.00)
08/01/2014 931367
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/01/2014 931376
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/05/2014 932043
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/06/2014 932744
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/08/2014 933144
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/08/2014 933287
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/08/2014 933288
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/11/2014 933425
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/12/2014 933591
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/12/2014 933595
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/12/2014 933596
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/13/2014 933703
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/14/2014 933918
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/14/2014 933920
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/14/2014 933923
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/14/2014 933925
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/14/2014 933944
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/15/2014 934098
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
Page
Trans.
USD 3,406.50
17
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Trans.
USD 3,406.50
Source
Offset Acct
Details
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
Cumulative Bal. (FC) Balance Due (FC)
08/15/2014 934099
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/15/2014 934100
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/20/2014 934784
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/20/2014 934785
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/21/2014 935013
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
08/22/2014 935196
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 656,690.77
$ 0.00
USD 498,713.00
$ (104,979.55)
$ 551,711.22
$ (0.00)
USD 498,713.00
USD 498,713.00
08/28/2014 936254
JR
70000000-01-00
Manual Reconciliation
Transaction
08/28/2014 936335
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 551,711.22
$ 0.00
09/01/2014 931333
CN
42000001-04-00
A/R Credit Memos - 321286
$ (88,179.84)
$ 463,531.38
$ (0.00)
09/01/2014 931369
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 463,531.38
$ 0.00
USD 417,065.00
09/01/2014 931370
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 463,531.38
$ 0.00
USD 417,065.00
09/01/2014 931371
CN
42000001-04-00
A/R Credit Memos - 321286
$ (266.76)
$ 463,264.62
$ (0.00)
USD (247.00)
USD 416,818.00
USD (0.00)
09/01/2014 931372
CN
42000001-04-00
A/R Credit Memos - 321286
$ (301.32)
$ 462,963.30
$ (0.00)
USD (279.00)
USD 416,539.00
USD (0.00)
09/01/2014 931373
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 462,963.30
$ 0.00
09/01/2014 931374
CN
42000001-04-00
A/R Credit Memos - 321286
$ (301.32)
$ 462,661.98
$ (0.00)
USD (279.00)
USD 416,260.00
USD (0.00)
09/01/2014 931375
CN
42000001-04-00
A/R Credit Memos - 321286
$ (266.76)
$ 462,395.22
$ (0.00)
USD (247.00)
USD 416,013.00
USD (0.00)
09/01/2014 931391
CN
42000001-04-00
A/R Credit Memos - 321286
$ (79,849.80)
$ 382,545.42
$ (0.00)
USD (73,935.00)
USD 342,078.00
USD (0.00)
09/02/2014 936755
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
09/02/2014 936756
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
09/04/2014 937347
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
09/04/2014 937348
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
Page
18
Continued on next page
USD (81,648.00)
USD 417,065.00
USD (0.00)
USD 416,539.00
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Source
Offset Acct
Details
09/08/2014 937630
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
09/08/2014 937632
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
09/08/2014 937636
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
09/08/2014 937638
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 382,545.42
$ 0.00
USD 342,078.00
09/08/2014 937639
CN
42000001-04-00
A/R Credit Memos - 321286
$ (303.58)
$ 382,241.84
$ (0.00)
09/09/2014 937699
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 382,241.84
$ 0.00
USD 341,799.00
09/09/2014 937700
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 382,241.84
$ 0.00
USD 341,799.00
09/09/2014 937701
CN
42000001-04-00
A/R Credit Memos - 321286
$ (240.31)
$ 382,001.53
$ (0.00)
09/09/2014 938051
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 382,001.53
$ 0.00
09/09/2014 938062
CN
42000001-04-00
A/R Credit Memos - 321286
$ (306.15)
$ 381,695.38
$ (0.00)
USD (279.00)
USD 341,301.00
USD (0.00)
09/09/2014 938063
CN
42000001-04-00
A/R Credit Memos - 321286
$ (215.07)
$ 381,480.31
$ (0.00)
USD (196.00)
USD 341,105.00
USD (0.00)
09/10/2014 938379
IN
42000001-04-00
A/R Invoices - 321286
$ 0.00
$ 381,480.31
$ 0.00
09/17/2014 939388
CN
42000001-04-00
A/R Credit Memos - 321286
$ (262.18)
$ 381,218.13
$ (0.00)
USD (239.00)
USD 340,866.00
USD (0.00)
09/17/2014 939390
JE
339859
moving to correct account
$ 262.18
$ 381,480.31
$ 0.00
USD 239.00
USD 341,105.00
USD 0.00
09/25/2014 940935
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
09/26/2014 941170
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
09/26/2014 941172
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/09/2014 943334
IN
45040000-01-00
A/R Invoices - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/21/2014 945832
IN
42000100-04-00
A/R Invoices - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949149
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949150
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
Page
Trans.
USD 3,406.50
19
Continued on next page
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
Crd(Deb) FC
USD (279.00)
USD (219.00)
Cumulative Bal. (FC) Balance Due (FC)
USD 341,799.00
USD 341,580.00
USD (0.00)
USD (0.00)
USD 341,580.00
USD 341,105.00
Folio No.
G/L Account/BP Code
321286
Date
12/01/2014
G/L Account/BP Name
SHOPHQ
Time
12:29PM
G/L Account/BP Currency
US Dollar
Prev. Balance
LC:
$ 2,177.00
FC:
Prev. Balance Due
LC:
$ 0.00
FC:
Account Balance
Continue
Post. Date
Trans.
USD 3,406.50
Source
Offset Acct
Details
10/31/2014 949152
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949153
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949154
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949155
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949906
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949907
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 381,480.31
$ 0.00
USD 341,105.00
10/31/2014 949908
CN
42000001-04-00
A/R Credit Memos - 321286
$ (1,578.59)
$ 379,901.72
$ (0.00)
10/31/2014 949909
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 379,901.72
$ 0.00
USD 339,710.00
10/31/2014 949910
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 379,901.72
$ 0.00
USD 339,710.00
10/31/2014 949911
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 379,901.72
$ 0.00
USD 339,710.00
10/31/2014 949912
CN
42000001-04-00
A/R Credit Memos - 321286
$ 0.00
$ 379,901.72
$ 0.00
USD 339,710.00
10/31/2014 951726
JE
42000001-04-00
As per Ben
$ (380,339.32)
$ -437.60
$ (0.00)
$ 437.60
$ 0.00
$ 0.00
USD 0.00
$ 0.00
$ 0.00
$ 0.00
USD 0.00
11/23/2014 951727
JR
70000000-01-00
Manual Reconciliation
Transaction
11/26/2014 952669
IN
42000001-04-00
A/R Invoices - 321286
Crd(Deb) LC
Cumulative Bal. (LC) Balance Due (LC)
$ 0.00
Page
20
Crd(Deb) FC
USD (1,395.00)
USD (339,710.00)
Cumulative Bal. (FC) Balance Due (FC)
USD 339,710.00
USD 0.00
USD (0.00)
USD (0.00)
USD 0.00
Folio No.
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.13. October 31, 2014 Journal Entry re SHOPHQ
Axe Houghton Group Inc. – Interim Report
PwC
32
Post. Date:
10/31/2014
Ref. 1:
Date
12/01/2014
Time
12:30PM
Ref. 2:
Details:
As per Ben
Journal Entry
G/L Account/BP Code
G/L Account/BP Name
321286
SHOPHQ
42000001-04-00
ACW. Revenue. New (ACW)
Debit
1
Credit
Debit (FC)
$ 380,339.32
$ 380,339.32
$ 380,339.32
Page
951726
Credit (FC)
USD 339,710.00 10/31/2014
USD 339,710.00
$ 380,339.32
Due Date
USD 339,710.00
10/31/2014
USD 339,710.00
Exhibits
Axe Houghton Group Inc.
Interim Report to RBC
7.14. June 30, 2014 Internal Balance Sheet
Axe Houghton Group Inc. – Interim Report
PwC
33
Balance sheet Combined June 30, 2014
Account Name
Assets
10000 - Current Assets
11000 - Cash
11000000-01-00 - RBC . 1001247
11000200-01-00 - RBC . 4002804 . USD
11000000-02-00 - RBC . 1020759 . (ADI)
11000200-02-00 - RBC . 4002911 . USD (ADI)
11000000-03-00 - RBC . 1024082 (BENTEL)
11000200-03-00 - RBC . 4009320 . USD (BENTEL)
11100001-04-00 - VNB . 41381246 (ACW)
11000212-01-00 - HSBC 317017101070 (AXE, Finance USD)
11100002-04-00 - HSBC . 611.82002.1 (ACW, Finance )
11000201-04-00 - RBC. 4001236. USD (ACW)
11100003-04-00 - Access Capital Inc (ACW)
11100004-04-00 - TD BANK 4302517937 (ACW)
Total 11000 - Cash
12000 - Accounts Receivable . Trade
12000000-01-00 - Accounts Receivable . Trade
12000200-01-00 - Accounts Receivable . Trade USD
12999999-01-00 - Allowance for Doubtful Accounts
12999999-04-00 - Allowance for Doubtful Accounts (ACW)
12000001-04-00 - Accounts Receivable. Trade(ACW)
Total 12000 - Accounts Receivable . Trade
13000 - Inventory . New Product
13000000-01-00 - New . Oreck Retail Vacuums
13000002-01-00 - New . Oreck Air Purifiers
13000004-01-00 - New . Free Gift Inventory
13000006-01-00 - New . Oreck Commercial Vacuums
13000008-01-00 - New . Fast Commercial Vacuums
13000010-01-00 - New . Dehumidifiers
13000020-03-00 - New . Comfort Furnaces (BENTEL)
13000022-03-00 - New . RedCore Heaters (BENTEL)
13000024-03-00 - New . Heatstorm Heaters (BENTEL)
13000026-04-00 - New . ACW . Heaters (ACW)
13000000-04-00 - New . ACW . Air Conditioning (ACW)
13000027-04-00 - New . Heatstorm . Heaters (ACW)
13000025-04-00 - New . Red Core . Fire Places (ACW)
11399999-01-00 - Freight & Duties . Landed
13013013-01-00 - Goods Clearing
13000014-01-00 - New . Plasma Cool Air Conditioning
13000026-01-00 - ACW Heaters
13000005-01-00 - OCO Inventory (AXE, Finance )
13000004-04-00 - ACW New. Free Gift Inventory
13000002-04-00 - ACW New Air Purifiers
13000017-01-00 - New - FANS
13000017-04-00 - New ACW LifeSmart Fans
Total 13000 - Inventory . New Product
13100 - Inventory . Returned Product
13100002-01-00 - WIP . Oreck Air Purifiers
13100000-01-00 - WIP . Oreck Retail Vacuums
13100006-01-00 - WIP . Commercial Vacuums
13100010-01-00 - WIP . Dehumidifiers
13100005-01-00 - WIP . Fast Vacuums
Balance
8499247.19
7842569.4
-150235.67
-78052.2
52183.8
-2619.24
-311.81
-568.52
213.72
17817.27
-3.79
-3114
-195.2
-136130.4
544.7
__________________
-150235.67
------------3920209.99
1573819.28
880651.67
-53372.68
240.13
1518871.59
__________________
3920209.99
------------2271425.2
47289.97
65291.92
34812.16
23525.59
21727.48
1796.79
62772.9
10078.05
276.33
714205.57
584296.29
230.78
88607.34
574676.75
-132.77
-211483.71
222000.89
29820.53
2452.04
3342.87
-5342.04
1179.47
__________________
2271425.2
------------851742.15
80309.04
17727.62
3772.13
99.87
319.29
11320500-03-00 - WIP . Comfort Furnaces (Bentel)
11320005-03-00 - WIP . Red Core Heaters (Bentel)
13100026-04-00 - WIP . ACW . Heaters (ACW)
13200027-04-00 - WIP . Heatstorm . Heaters (ACW)
13100000-04-00 - WIP . ACW Air Conditioning (ACW)
13100022-04-00 - WIP . Red Core . Heaters (ACW)
13100025-04-00 - WIP . Red Core . Fire Places (ACW)
13100012-01-00 - WIP . Portable furnaces
11320005-01-00 - WIP . Plasma Cool Air Conditioning
13100002-04-04 - WIP ACW Air Purifier
13100001-04-00 - WIP - ACW . Oreck Retail Vacuum
Total 13100 - Inventory . Returned Product
13200 - Inventory . Show Demos
11330000-01-00 - Demo . Oreck Retail Vacuums
11330050-01-00 - Demo . Oreck Air Purifiers
11330015-01-00 - Demo . Oreck Commercial Vacuums
11300150-03-00 - Demo . Comfort Furnances (Bentel)
11330000-03-00 - Demo . Red Core Heaters (Bentel)
13200026-04-00 - Demo . ACW . Heaters (ACW)
13200000-04-00 - Demo . ACW . Air Conditioning ACW)
13200022-04-00 - Demo . Red Core . Heaters (ACW)
11330007-01-00 - Demo . ACW Heaters
11330005-01-00 - Demo . Plasma Cool Air Conditioning
11330050-04-00 - Demo ACW Air Purifier
11330000-04-00 - ACW Demo. Oreck Retail Vacuums
11399998-01-00 - Rerturn Allowances (AXE, Finance )
Total 13200 - Inventory . Show Demos
13300 - Inventory . Service Parts & Consumables
13300005-01-00 - Parts . Oreck . Air Purifiers
13300010-01-00 - Parts . Oreck Retail Vacuum
13300015-01-00 - Parts . Oreck Commercial Vacuums
13300025-03-00 - Parts . Red Core Heaters (BENTEL)
13300030-03-00 - Parts . Comfort Furnance (Bentel)
13300040-02-00 - Parts . ACW Air Conditioning (ADI)
13300100-01-00 - Resale . Oreck Retail Vacuums
13300300-01-00 - Resale . Air Purifiers
13300035-01-00 - Parts . Plasma Cool Air Conditioning
13300045-01-00 - Parts . ACW Heaters
13300021-01-00 - Thinker Parts
Total 13300 - Inventory . Service Parts & Consumables
13400 - Inventory . Other
13400100-03-00 - New . Temptations (BENTEL)
13400900-01-00 - Boxes . Air Purifers
13400200-04-00 - Intellitrap . Attractant (ACW)
13400200-01-00 - New . Intellitrap
13400300-01-00 - New . Amana Air Conditioning
Total 13400 - Inventory . Other
14000 - Undeposited Funds
14000000-01-00 - Visa
14000100-01-00 - Mastercard
14000200-01-00 - Amex
14000300-01-00 - Cheques CDN$
14000400-01-00 - Debit Card
14000600-01-00 - Cheques US$
14000000-02-00 - Visa - (ADI)
14000100-02-00 - Mastercard - (ADI)
187375.68
1814.93
96956.89
672.36
45708.01
15412.77
6133.88
393338.33
887.76
1213.59
__________________
851742.15
------------529928.95
31087.95
62826.61
372.21
94827.28
35166.31
23996.97
1819.88
40411.3
35793.97
6034.16
17975.07
3583.69
176033.55
__________________
529928.95
------------150850.24
37464.44
23383.42
5975.54
149.09
38074.78
20
12421.42
17751.76
620.34
8961.06
6028.39
__________________
150850.24
------------118504.19
63657.54
25096.18
27542.88
2207.59
__________________
118504.19
------------11888.5
393.01
-143.55
330.7
11132.16
667.66
0.01
0
14000700-02-00 - US Visa - (ADI)
14000800-02-00 - US Mastercard - (ADI)
Total 14000 - Undeposited Funds
15000 - Prepaid Expenses
15000000-01-00 - Prepaid . Lease Deposits
15000300-01-00 - Prepaid . Other
15000000-04-00 - Prepaid Expenses (ACW)
Total 15000 - Prepaid Expenses
17000 - Corporate Income Taxes Receverable
17000000-01-00 - Corporate Income Taxes Recoverable
Total 17000 - Corporate Income Taxes Receverable
Total 10000 - Current Assets
-424.21
-67.28
__________________
11888.5
------------134938.98
96428.93
32147.33
6362.72
__________________
134938.98
------------3316.87
3316.87
__________________
3316.87
------------__________________
7842569.4
-------------
20000 - Long Term Assets
656677.79
21000 - Capital Assets
842860.71
21000000-01-00 - Furniture & Equipment
21000000-04-00 - Furniture & Equipment (ACW)
21000100-01-00 - Computer Hardware
21000100-04-00 - Computer Hardware (ACW)
21000200-01-00 - Computer Software
21000300-01-00 - Leaseholds
21000400-04-00 - Warehouse Equipment (ACW)
Total 21000 - Capital Assets
22000 - Accumulated Amortization
22000000-01-00 - Acc. Amortization . Furniture & Equipment
22000100-01-00 - Acc. Amortization . Computer Hardware
22000200-01-00 - Acc. Amortization . Computer Software
22000300-01-00 - Acc. Amortization . Leaseholds
22000000-04-00 - Acc. Amortization . Furniture and Equipment (ACW)
22000400-04-00 - Acc. Amortization . Warehouse Equipment (ACW)
22000100-04-00 - Acc. Amortization . Computer Equipment (ACW)
Total 22000 - Accumulated Amortization
23000 - Long Term Investments
23000100-00-00 - Debenture Due From Axe Houghton (ARBACO Ltd)
23999099-00-00 - Contra Debenture due from Axe (Arbaco Ltd, Finance)
23000600-00-00 - Investment in Shares American Comfort Distribution Inc. (Arbaco Ltd)
23000700-00-00 - Investment in Shares Fast America LLC (Arbaco Ltd)
23000300-00-00 - Investment in Shares of ADI (Arbaco Ltd)
23999399-00-00 - Contra . Investment ADI (Arbaco Ltd)
23000000-01-00 - Investment in Shares of ADI
23999099-01-00 - Contra . Investment in ADI
23000400-00-00 - Investment in Shares of Axe Houghton (ARBACO Ltd)
23999499-01-00 - Contra . Arbaco Ltd. Investment (AXE)
Total 23000 - Long Term Investments
24000 - Intercompany Due From (To)
188305.63
4495.5
134869.17
2336.63
245244.99
265111.29
2497.5
__________________
842860.71
-------------654893.22
-131928.56
-112270.15
-174751.69
-231908.49
-2498
-959.49
-576.84
__________________
-654893.22
------------110
1675064.44
-1675064.44
10
100
100
-100
1
-1
870000
-870000
__________________
110
------------468600.3
24000300-01-00 - Due From (To) Arbaco Direct Inc
24000300-02-00 - Due From (To) AXE Houghton (ADI)
24000400-01-00 - Due From (To) Bentel LLP
24000400-03-00 - Due From (To) AXE Houghton (BENTEL)
24000500-01-00 - Due From (To) American Comfort World Wide LLC
24000500-04-00 - Due From (To) AXE Houghton (ACW)
24000600-03-00 - Due From (To) Arbaco Direct Inc (Bentel)
24000600-02-00 - Due From (To) Bentel LLP (ADI)
24001200-01-00 - Due From (To) OCO
24000900-01-00 - Due From (To) 6313281 Manitoba Ltd.
24013000-01-00 - Due From (To) Cordovero Distribution Inc.
Total 24000 - Intercompany Due From (To)
Total 20000 - Long Term Assets
Total Assets
1183170.41
-1183170.41
-386527.72
386527.72
-234526.88
234526.88
-1500
1500
489873.98
-122484.49
101210.81
__________________
468600.3
------------__________________
656677.79
------------__________________
8499247.19
__________________
8499247.19
=============
Liabilities
8182802.37
30000 - Current Liabilities
6964353.53
31000 - Operating Facility
6068757.5
31000000-01-00 - RBC . CND
31000100-01-00 - RBC . USD
31000000-04-00 - VNB . 3151016787 (ACW)
31000100-04-00 - Access Capital Loan
Total 31000 - Operating Facility
32000 - Accounts Payable . Trade
32000000-01-00 - Accounts Payable . Trade
32000100-01-00 - Accounts Payable . Trade . USD
32000100-02-00 - Accounts Payable . Trade . USD (ADI)
32000888-04-00 - Accounts Payable . Trade USD (ACW)
32000400-01-00 - Customs Duty Negative (AXE, Finance )
Total 32000 - Accounts Payable . Trade
34000 - American Express . AMEX
34000000-01-00 - Centurion . AMEX . 2008 . 2016
34000200-01-00 - Platinum.AMEX.CORP.71001
Total 34000 - American Express . AMEX
35000 - Visa
35000000-01-00 - Visa . RBC . 6162 . USD
35000100-01-00 - Visa . RBC . 2204 . Justine
Total 35000 - Visa
36000 - Source Deductions Payable
36000000-01-00 - Source Deductions
Total 36000 - Source Deductions Payable
4278074.41
534834.46
-57545.37
1313394
__________________
6068757.5
-------------1781285.63
96559.59
-1479710.48
1167.85
33357.5
-432660.09
__________________
-1781285.63
------------566133.89
103354.93
462778.96
__________________
566133.89
-------------68778.44
-57058.48
-11719.96
__________________
-68778.44
------------13880.31
13880.31
__________________
13880.31
-------------
37000 - Accrued Liabilities . Inventory
37000000-01-00 - Accrued Inventory Vac
37000100-01-00 - Accrued Inventory Air Purifiers
37000300-01-00 - Accrued Inventory free gifts
37000400-01-00 - Accrued Inventory Parts Oreck
37000500-01-00 - Accrued Inventory Accessories & Supplies
37000700-01-00 - Accrued Inventory Commercial
37000200-02-00 - Accrued Inventory Josen (ADI)
37000500-03-00 - Accrued Inventory Parts & Acc. (BENTEL)
37000000-04-00 - Accrued Inventory (ACW)
37001801-01-00 - Accrued Inventory PF
37000800-01-00 - Accrued Inventory Plasma
37001701-01-00 - Accrued Inventory Parts ACW
37000100-04-00 - ACW Accrued Inventory Air Purifiers
Total 37000 - Accrued Liabilities . Inventory
38000 - Accrued Liabilites . Non Inventory
38010000-01-00 - Employee Advance
38020000-01-00 - Accrued Liabilites
38030000-01-00 - Employee Exp. Reimbursement
Total 38000 - Accrued Liabilites . Non Inventory
50000 - GST (Receivable) Payable
50000000-01-00 - GST . Collected
50000100-01-00 - GST . Paid
50000100-02-00 - GST . Paid (ADI)
50000000-03-00 - GST . Collected (BENTEL)
50000100-03-00 - GST . Paid (BENTEL)
Total 50000 - GST (Receivable) Payable
40000 - PST Payable
40000100-01-00 - PST Tax Payable - Manitoba
40000200-01-00 - PST Tax Payable - Ontario
40000100-02-00 - PST Tax Payable - Manitoba (ADI)
40000200-03-00 - PST Tax Payable - Ontario (BENTEL)
40000400-04-00 - Sales Tax Payable (ACW)
Total 40000 - PST Payable
70000 - Long Term Debt . Current
70000300-01-00 - BDC Term Loan . 349441-06 Current
70000400-01-00 - BDC Term Loan . 349441-07 Current
Total 70000 - Long Term Debt . Current
Total 30000 - Current Liabilities
2309301.06
39200.39
172126.82
5.5
4699.87
8330.74
31860.01
-0.14
-442.15
996656.03
643544
339336.13
2.11
73981.75
__________________
2309301.06
------------2250.26
648.96
2282.58
-681.28
__________________
2250.26
-------------71185.1
178451.62
-224168.83
-33.29
-25333
-101.6
__________________
-71185.1
------------5590.09
7602.71
1.76
244.4
2
-2260.78
__________________
5590.09
-------------80310.41
-92850.41
12540
__________________
-80310.41
------------__________________
6964353.53
-------------
80000 - Long Term Debt
1218448.84
81000 - Long Term Debt
362563.23
81000300-01-00 - BDC . Term Loan . 349441-06
81000400-01-00 - BDC . Term Loan . 349441-07
81999399-01-00 - Contra . BDC Term Loan . 349441-06
81999499-01-00 - Contra . BDC Term Loan . 349441-07
Total 81000 - Long Term Debt
369344.23
19695
-48776
22300
__________________
362563.23
------------82000 - Subordinated debt . Shareholder Loans
82000100-01-00 - Due to Arbaco Limited
82999199-01-00 - Contra Due to Arbaco Limited
82000300-01-00 - Shareholder Loan . Ben Cohen
Total 82000 - Subordinated debt . Shareholder Loans
Total 80000 - Long Term Debt
Total Liabilities
Equity
90000 - Shareholders' Equity
91000 - Preferred Stock
91000000-01-00 - Preferred Shares Class (AXE)
91000000-00-00 - Preferred Shares Class D (ARBACO LIMITED)
91000000-02-00 - Preferred Shares Class D (ADI)
91000999-01-00 - Contra . ADI Preference Shares . Class D
Total 91000 - Preferred Stock
92000 - Common Stock
92000000-00-00 - Common Shares Class A (Arbaco LIMITED)
92000999-00-00 - Contra . Investment in ADI (Arbaco Ltd.)
92000000-02-00 - Common Shares Class A (ADI)
92000000-03-00 - Partner Contributions (BENTEL)
92000000-04-00 - Class A Shares (ACW)
92000100-04-00 - Class B Shares (ACW)
Total 92000 - Common Stock
94000 - Retained Earnings
94000000-00-00 - Retained Earnings (Arbaco LIMITED)
94000000-01-00 - Retained Earnings (AXE)
94000000-02-00 - Retained Earnings (ADI)
94000000-03-00 - Partner's Equity (BENTEL)
94000000-04-00 - Retained Earnings (ACW) (ACW, Finance )
Total 94000 - Retained Earnings
94000300-00-00 - Contributed Surplus (ARBACO LIMITED)
94000999-01-00 - Contra . Contributed Surplus (AXE)
95000 - Owner's Equity
95000100-03-00 - Disbursements to Trust Beneficieries (BENTEL)
95000200-03-00 - Disbursements General Partner . ADI Management Inc. (BENTEL)
Total 95000 - Owner's Equity
Total 90000 - Shareholders' Equity
Profit Period
Total Equity
855885.61
1675064.44
-1675064.44
855885.61
__________________
855885.61
------------__________________
1218448.84
------------__________________
8182802.37
316442.28
651338
300
100
200
1
-1
__________________
300
------------226136.85
100
-100
100
100.01
99.9
225836.94
__________________
226136.85
------------550196.15
1675174.44
-1072616.75
-1166119.82
933298.48
180459.8
__________________
550196.15
------------869800
-870000
-125095
-125000
-95
__________________
-125095
------------__________________
651338
-------------334895.72
__________________
316442.28
__________________
8499244.65
=============